1594                             Laws of Maryland                      [Ch. 845

BONDS IN EXCHANGE FOR BONDS REGISTERED AS TO
BOTH PRINCIPAL AND INTEREST. SUCH BONDS SHALL BE
SOLD BY THE AUTHORITY, AT PUBLIC OR PRIVATE SALE,
IN SUCH MANNER AND FOR SUCH PRICE AS IT MAY DE-
TERMINE TO BE FOR ITS BEST INTERESTS, 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 SIX PER CENTUM PER ANNUM,
COMPUTED WITH RELATION TO THE ABSOLUTE MATUR-
ITY OF THE BONDS IN ACCORDANCE WITH STANDARD
TABLES OF BOND VALUES. NONE OF THE PROVISIONS OF
SECTIONS 33 AND 34 OF ARTICLE 31 OF THE CODE OF PUB-
LIC GENERAL LAWS OF MARYLAND (1951 EDITION) SHALL
HAVE ANY APPLICATION TO THE BONDS HEREBY AU-
THORIZED AND SUCH BONDS ARE HEREBY EXPLICITLY
EXEMPTED THEREFROM, BUT ALL SUCH BONDS SHALL BE
TREATED AS NEGOTIABLE INSTRUMENTS, AS PROVIDED
IN SECTION 31 OF SAID ARTICLE 31. IF THE PROCEEDS OF
THE BONDS, BY ERROR OF CALCULATION OR OTHERWISE,
SHALL BE LESS THAN THE COST OF THE MARKET, ADDI-
TIONAL BONDS MAY BE ISSUED TO PROVIDE THE AMOUNT
OF SUCH DEFICIT, AND UNLESS OTHERWISE PROVIDED
BY THE AUTHORIZING RESOLUTION OR IN THE TRUST IN-
DENTURE HEREINAFTER MENTIONED, SHALL BE DEEM-
ED TO BE OF THE SAME ISSUE AND SHALL BE ENTITLED
TO PAYMENT FROM THE SAME FUNDS WITHOUT PREFER-
ENCE OR PRIORITY OF THE BONDS FIRST ISSUED FOR
SUCH PURPOSES. IF THE PROCEEDS OF SUCH BONDS
SHALL EXCEED SUCH COSTS, THE SURPLUS SHALL BE
PAID INTO THE SINKING FUND HEREINAFTER PROVIDED
FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
ON THE BONDS. PRIOR TO THE PREPARATION OF DEFINI-
TIVE BONDS, THE AUTHORITY MAY, UNDER THE RESTRIC-
TIONS, ISSUE TEMPORARY BONDS, WITH OR WITHOUT
COUPONS, EXCHANGEABLE FOR DEFINITIVE BONDS UPON
THE ISSUANCE OF THE LATTER. THE AUTHORITY MAY
ALSO PROVIDE FOR THE REPLACEMENT OF ANY BOND
WHICH SHALL BECOME MUTILATED OR BE DESTROYED OR
LOST. SUCH BONDS MAY BE ISSUED WITHOUT AN ELEC-
TION OR ANY OTHER PROCEEDINGS OR THE HAPPENING
OF ANY OTHER CONDITIONS OR THINGS THAN THOSE PRO-
CEEDINGS, CONDITIONS AND THINGS WHICH ARE SPECI-
FIED AND REQUIRED BY THIS ACT.

THE RESOLUTION PROVIDING FOR THE ISSUANCE OF
BONDS MAY ALSO PROVIDE FOR THE ISSUANCE OF ADDI-
TIONAL BONDS AND MAY LIMIT THE AMOUNT BY SUCH
RESOLUTION OR TRUST INDENTURE, FOR THE PURPOSE
OF PAYING THE COST OF ANY EXTENSIONS, ADDITIONS
AND IMPROVEMENTS WHICH MAY THEREAFTER BECOME
NECESSARY; SUCH ADDITIONAL BONDS MAY BE SOLD
FROM TIME TO TIME IN THE MANNER HEREINABOVE
PROVIDED, AND SHALL BE DEEMED A PART OF THE ORIGI-
NAL ISSUE AUTHORIZED BY SUCH RESOLUTION, AND
SHALL BE ISSUED UNDER SUCH RESTRICTIONS AND LIMI-
TATIONS AS MAY BE PRESCRIBED BY SUCH RESOLUTION
OR TRUST INDENTURE; PROVIDED, HOWEVER, THAT SUCH