804                               LAWS OF MARYLAND                        [CH. 468

including any interest coupons to be attached thereto, and shall fix
the denomination or denominations of the bonds and the place or
places of payment of principal and interest, which may be at any
bank or trust company within or without the State. The bonds shall
[be signed by the Chairman of the Commission, and the official seal
of the Commission shall be affixed thereto and attested by the Secre-
tary of the Commission,] bear the manual or facsimile signature of
the Chairman or one of the other members of the Commission and
the official seal of the Commission or a facsimile thereof shall be
affixed to said bonds, attested by the manual or facsimile signature
of the Secretary or an Assistant Secretary of the Commission, pro-
vided that at least one of said signatures with respect to each of said
bonds shall be a manual signature, and any coupons attached thereto
shall bear the facsimile signature of the Chairman of the Commis-
sion. In case any officer whose signature or a facsimile of whose
signature shall appear on any bonds or coupons shall cease to be
such officer before the delivery of such bonds, such signatures or such
facsimile shall nevertheless be valid and sufficient for all purposes
the same as if he had remained in office until such delivery. All bonds
issued under the provisions of this sub-title shall have and are hereby
declared to have all the qualities and incidents of negotiable instru-
ments under the negotiable instruments law of the State. The bonds
may be issued in coupon or in registered form, or both, as the Com-
mission may determine, and provision may be made for the regis-
tration of any coupon bonds as to principal alone and also as to
both principal and interest, and for the reconversion into coupon
bonds of any bonds registered as to both principal and interest.
The Commission may sell such bonds in such manner, either at public
or private sale, and for such price, as it may determine to be for
the best interests of the State, but no such sale shall be made at a
price so low as to require the payment of interest on the money
received therefor at more than five per centum 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 premium to be paid on redemption
of any bonds prior to maturity.

SEC. 2. And be it further enacted, That this Act shall take effect
June 1, 1955.

Approved April 18, 1955.

CHAPTER 468
(Senate Bill 598)

AN ACT to repeal and re-enact, with amendments, Section 17 of
Article 81 of the Annotated Code of Maryland (1951 Edition),
title "Revenue and Taxes", sub-title "Method of Assessment", spe-
cifying the method of assessment in Charles County AND IN

EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.