1020                             Laws of Maryland                       [Ch. 622

Each series or group of said bonds shall be issued to mature in an-
nual serial installments, the last installment to mature not later than
thirty (30) years from the date of issue of said group or series. In
said resolution, said Board of County Commissioners shall fix the an-
nual serial maturity plan with respect to the bonds to be issued there-
under and said annual serial maturities shall be so fixed as to con-
form to the general financial plans of the County but need not be in
equal par amounts or in consecutive annual installments. Said
County shall have and is hereby granted full and complete authority
and discretion to fix and determine, in said resolution, the form and
tenor of any such bonds, the rate or rates of interest payable thereon,
or the method of arriving at the same, the date or dates upon which
said bonds shall respectively mature and be payable, the manner of
selling said bonds at public sale, and generally all matters incident
or necessary to the issuance, sale and delivery thereof. The bonds of
each such issue shall be dated, shall bear interest at such rate or
rates not exceeding five per centum (5%) per annum, payable semi-
annually, shall mature at such time or times as may be determined by
said resolution, and said bonds may, by said resolution be made
redeemable before maturity, at the option of the County, at
such price or prices and under such terms and conditions
as may be fixed by said Board of County Commissioners, either
in said resolution or in subsequent resolutions, but prior to the
issuance of said bonds. The principal of and the interest on said
obligations may be made payable in any lawful medium. Said reso-
lution shall determine the form of said bonds, including any interest
coupons to be attached thereto, and the manner of executing and
sealing the same, which may be by facsimile, and shall fix the
denomination or denominations of the bonds and the place or places
of payment of the principal and the interest thereon, which may be
at any bank or trust company within or without the State of Mary-
land. In case any officer whose signature shall appear on any such
bond, or on the coupons attached thereto, shall cease to be such of-
ficer 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. Said bonds may, by any such resolu-
tion, be issued in coupon or in registered form, or both, and provision
may be made for the registration of said bonds having coupons at-
tached, as to principal alone and also as to both principal and in-
terest, and for the reconversion of said bonds into coupon form, if
any of such bonds shall have been registered as to both principal and
interest. Such bonds shall not be subject to the provisions of Sec-
tions 12, 13, and 14 32, 33 AND 34 of Article 31 of the Code of Public
General Laws of Maryland (1951 Edition) but said County shall
offer said bonds only by solicitation of competitive bids therefor at
public sale. 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, 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 (5%) per
annum, computed with relation to the absolute maturity of the bonds
in accordance with standard tables of bond values, excluding, how-
ever, from such computation the amount of any redemption premium.
Upon delivery of any of said bonds to the purchaser or purchasers
thereof, payment therefor shall be made to the Treasurer of Prince
George's County.