J. MILLARD TAWES, GOVERNOR                          1093

(f)   The County may sell such revenue bonds in such manner,
either at public or private sale, and for such price, as it may de-
termine to be for the best interests of the County, 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 premium to
be paid on redemption of any revenue bonds prior to maturity.
None of the provisions of Sections 10 and 11 of Article 31 of the
Annotated Code of Maryland (1957 Edition) and any amendments
thereto shall apply to the revenue bonds issued hereunder.

(g)  The proceeds of the revenue bonds of each issue shall be used
solely for the payment of the cost of the project or projects for
which such bonds have been issued, and shall be distributed in such
manner and under such restrictions, if any, as the County may pro-
vide in the resolution authorizing the issuance of such bonds or in
the trust indenture securing the same. If the proceeds of the bonds
of any issue, by error of estimates or otherwise, shall be less than
such cost, additional bonds may in like manner be issued to pro-
vide the amount of such deficit and, unless otherwise provided in
the resolution authorizing the issuance of such bonds or in the trust
indenture securing the same, shall be deemed to be of the same
issue and shall be entitled to payment from the same fund without
preference or priority of the bonds first issued. If the proceeds of
the bonds of any issue shall exceed the cost of the project or proj-
ects for which the same shall have been issued, the surplus shall
be deposited into the sinking fund provided for the payment of
principal of and interest on such revenue bonds.

(h) Prior to the preparation of definitive revenue bonds, the
County may, under like restrictions, issue interim receipts or tem-
porary bonds, with or without coupons, to be exchanged for de-
finitive bonds when such bonds have been executed and are avail-
able for delivery. The County may also provide, by resolution, for
the replacement of any bonds which shall become mutilated, de-
stroyed or lost.

(i) The revenue bonds authorized to be issued hereunder, may be
issued without any other proceedings or the happening of any other
conditions or things than those proceedings, conditions or things
which are specified and required herein.

(j) The County is hereby authorized to provide by resolution
for the issuance of its revenue refunding bonds for the purpose of
refunding any revenue bonds then outstanding and issued hereunder.
The issuance of such revenue refunding bonds, the maturities and
other details thereof, the rights of the holders thereof, and the duties
of the County in respect of the same, shall be governed by the pro-
visions hereof insofar as they may be applicable.

(k) The County is further authorized to provide by resolution
for the issuance of a single issue of its revenue bonds for the com-
bined purposes (1) of paying the cost of any improvement, ex-
tension, enlargement or reconstruction of any of its existing projects
and (2) of refunding its revenue bonds which shall theretofore
have been issued for the purpose of providing funds for the cost of