J. MILLARD TAWES, GOVERNOR                             1029

resolution, be issued in coupon or in registered form or both, and
provision may be made for the registration of said bonds having
coupons attached, as to principal alone and also as to both principal
and interest, 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 pro-
visions of Sections 9, 10, and 11 of Article 31 of the Code of Public
General Laws of Maryland (1957 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 deter-
mined 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 six per centum (6%) 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.
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.

In addition to making provision for the above described terms and
conditions of any group or series of bonds issued hereunder, the
above mentioned resolution of the County shall likewise fix the
terms and conditions of the public sale of such group or series of
bonds, and said resolution shall adopt a suitable form of notice of
sale, which shall briefly outline said terms and conditions in ac-
cordance with the provisions hereof. Said notice shall be published
at least twice in one or more daily or weekly newspapers having a
general circulation in the County, and may also be published in one
or more journals having a circulation primarily among banks and
investment bankers. The sale of said bonds shall be held not sooner
than ten (10) days following the first publication of said notice.
Said notice shall offer said bonds to the highest bidder or bidders
therefor, and shall state how said highest bidder or bidders will be
determined. Said notice of sale shall specify the date, place and
hour at which bids for said bonds will be received and opened, and
the bonds awarded. It shall also specify that each bid shall be made
in writing by a sealed proposal and shall be accompanied by a good
faith deposit in a fixed or determinate amount as security for com-
pliance by the bidder with his bid. Said notice shall refer to this
Act as authority for the bonds and shall state the date of issue of
the bonds offered, the total aggregate par amount thereof, the
schedule of maturities thereof, the interest payable thereon, or the
method of determining the same, the purpose to which the proceeds
thereof will be devoted, and the general form thereof, including
a statement whether said bonds will be redeemable, will be in coupon
or registered form, and whether the same will be registerable as
to principal, or as to both principal and interest. Each such notice
of sale shall also contain a brief summary of the current financial
condition of the County or shall indicate where such a statement
may be obtained and, finally, shall reserve unto the County the
right to reject any or all bids received. In lieu of publishing said
entire notice of sale, the County may, if it shall so elect in said
resolution, publish a brief summary of said notice which need not
contain all the information required for said notice of sale but which