1308                            Laws of Maryland                      [Ch. 790

thirty (30) TWENTY (20) years from the date of issue of said group
or series. In said resolution, said Board of County Commissioners
shall fix the annual serial maturity plan with respect to the bonds to be
issued thereunder and said annual serial maturities shall be so fixed
as to conform 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 pay-
able, 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 six per centum (6%)
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 con-
ditions 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
resolution 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
Maryland. In case any officer whose signature shall appear on any
such bond, or on the coupons attached thereto, shall cease to be such
officer before the delivery thereof, such signature shall nevertheless
be valid and sufficient for all purposes the same as if he had re-
mained in office until such delivery. Said bonds may, by any such
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 Ed.) 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 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 Anne Arundel County.