J. MILLARD TAWES, GOVERNOR                              961

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 remained in office
until such delivery. Said bonds may, by any such resolution, be
issued in coupon or 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 provisions of Sections 9, 10
and 11 of Article 31 of the Code of Public General Laws of Mary-
land (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 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 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 Board of County Commissioners
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 accordance with the provisions hereof. Said notice
shall be published at least twice in one or more daily or weekly news-
papers 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 compliance by the bidder with his bid. Said notice
shall refer to this Act as authority for the bonds and shall state

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