708                               LAWS OF MARYLAND                        [CH. 423

AND SEWERAGE." EVERY SUCH MUNICIPAL CORPORATION
SHALL LIKEWISE HAVE AUTHORITY TO BORROW MONEY
IN ANTICIPATION OF THE RECEIPT OF CURRENT TAXES
AND TO EVIDENCE SUCH BORROWING BY THE ISSUANCE
AND SALE OF TAX ANTICIPATION NOTES, PAYABLE AS TO
PRINCIPAL AND INTEREST FROM SAID TAXES WHEN RE-
CEIVED, UNLESS THE CHARTER OF SUCH MUNICIPAL COR-
PORATION SHALL OTHERWISE PROVIDE OR UNLESS ANY
SUCH CHARTER SHALL BE AMENDED PURSUANT TO THIS
SUB-TITLE SO TO PROVIDE OTHERWISE. THE PROCEDURE
FOR THE ISSUANCE OF TAX ANTICIPATION NOTES SHALL
BE AS PRESCRIBED IN SECTION 32 OF THIS ARTICLE. EX-
CEPT THAT SUCH NOTES MAY BE SOLD BY PRIVATE NEGO-
TIATION. WHENEVER THERE SHALL BE ANY CONFLICT
BETWEEN THE PROVISIONS OF THIS SUB-HEADING AND
THE CHARTER OF ANY MUNICIPAL CORPORATION, THE
PROVISIONS OF SAID CHARTER SHALL CONTROL.

32. ALL BONDS OF A MUNICIPAL CORPORATION SHALL
BE AUTHORIZED BY RESOLUTION OR ORDINANCE OF THE
LEGISLATIVE BODY OF SAID MUNICIPAL CORPORATION
WHICH SHALL CONTAIN THE FOLLOWING:

(1)    A STATEMENT OF THE PUBLIC PURPOSE UPON
WHICH THE PROCEEDS OF SAID BONDS ARE TO BE EX-
PENDED ;

(2)  THE COMPLETE FORM OF SAID BONDS, WHICH SHALL
INCLUDE THE PLACE OR PLACES AND TIME OR TIMES OF
PAYMENT THEREOF, THE RATE OR RATES OF INTEREST
PAYABLE THEREON OR SPACE FOR THE INSERTION OF
SUCH RATE OR RATES OF INTEREST UPON THE DETERMI-
NATION THEREOF, THE TITLES OF THE OFFICIALS WHOSE
SIGNATURES SHALL BE AFFIXED TO OR IMPRINTED ON
SUCH BONDS, THE AUTHORITY FOR THE ISSUANCE THERE-
OF AND THE TAXES AND ANY SPECIAL REVENUES FROM
WHICH THE PRINCIPAL OF AND INTEREST ON SAID BONDS
WILL BE PAYABLE;

(3)  THE FORM OF THE NOTICE SOLICITING BIDS FOR THE
PURCHASE OF SAID BONDS WHICH SHALL SET FORTH THE
DATE, PLACE AND TIME FOR RECEIVING AND OPENING
BIDS AND A BRIEF DESCRIPTION OF THE PURPOSE OR
PURPOSES FOR WHICH SAID BONDS ARE TO BE ISSUED,
A BRIEF DESCRIPTION OF THE DENOMINATIONS, MATURI-
TIES, TERMS AND CONDITIONS OF SAID BONDS, A STATE-
MENT OF THE RATE OR RATES OF INTEREST TO BE BORNE
BY SAID BONDS OR THE MANNER OF DETERMINING THE
SAME, A PRECISE STATEMENT OF THE MANNER IN WHICH
THE BEST OFFER FOR SAID BONDS WILL BE DETERMINED
AND A REFERENCE TO THE RESOLUTION AUTHORIZING
THE SAME. SAID NOTICE OF SALE MAY ALSO REQUIRE
PROSPECTIVE PURCHASERS TO SUBMIT BIDS ON SPECI-
FIED FORMS, MAY REQUIRE SUCH PROSPECTIVE PUR-
CHASERS TO ACCOMPANY THEIR BIDS WITH GOOD faITH
DEPOSITS IN SPECIFIED AMOUNTS, MAY MAKE APPRO-
PRIATE PROVISIONS FOR APPROVAL OF THE LEGALITY
OF SUCH BONDS, AND MAY CONTAIN A FINANCIAL STATE-