298                               LAWS OF MARYLAND                        [CH. 205

"The payment of interest on this Bond when due and of the
principal thereof at maturity is hereby unconditionally guaranteed
by the County Commissioners of Anne Arundel County, a body
politic and corporate of the State of Maryland.

COUNTY COMMISSIONERS OF ANNE ARUNDEL COUNTY

By................................................................................................

President
ATTEST:

Clerk .

Corporate Seal"

As indicated in the foregoing form, the guaranty on each bond
shall, when presented to him by the Board of Education with appro-
priate evidence of the compliance of said bond with this Act, be
endorsed by the President of the Board of County Commissioners
of Anne Arundel County and the seal of said County shall be
affixed to such bond, duly attested by the Clerk to said Board of
County Commissioners. In case any officer whose signature shall
appear on any such bond, or on the coupons attached thereto, shall
cease to be such officer before the delivery thereof, such signature
shall nevertheless be valid and sufficient for all purposes the same
as if he had remained in office until such delivery. The signatures
and seals hereby required to be affixed to said bonds by officials of
the Board and of the County may be made in facsimile. Provision
may be made for the registration of said bonds as to principal
alone and also as to both principal and interest, and for the recon-
version of said bonds into coupon form, if any of such bonds shall
have been registered as to both principal and interest. Such bonds
shall be issued in accordance with the provisions of Sections 32, 33
and 34 of Article 31 of the Code of Public General Laws of Mary-
land (1951 Edition), as amended, except that said bonds may be
sold for such price or prices as may be determined to be for the
best interests of the County, either at, above or below the par value
of any such bonds. No such sale shall, however, be made at a price
so low as to require the payment of interest on the money received
therefor at more than four per centum (4%) per annum, computed
with relation to the absolute maturity of the bonds in accordance
with standard tables of bond values, excluding, however, from such
computation the amount of any redemption premium. In addition,
in lieu of publishing the entire notice of sale as contemplated by
Section 33 of said Article 31, the Board may, if it shall so elect in
said resolution, publish a brief summary of said notice which shall
state where interested parties may obtain a complete copy thereof.
Upon delivery of any of said bonds to the purchaser or purchasers
thereof, payment therefor shall be made to the Treasurer of the
Board, who shall thereafter disburse the same only on vouchers
approved by the Board.

SEC. 4. And be it further enacted, That the bonds hereby author-
ized shall constitute, and they shall so recite, an irrevocable pledge
of the full faith and credit and unlimited taxing power of the County
to the payment of the maturing principal and interest of such bonds
as and when the same respectively mature. In each and every fiscal
year that any of said bonds are outstanding, the County shall levy