62 LAWS OF MARYLAND [CH. 21

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 install-
ments. Subject to the limitations herein contained, 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
payable, the manner of selling said bonds at public sale, and gen-
erally all matters incident or necessary to the issuance, sale and
delivery thereof. The bonds shall be dated, shall bear interest at
such rate or rates not exceeding six percentum (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 resolu-
tion, be made redeemable before maturity, at the option of the
County, at such price or prices and under such terms and conditions
as may be fixed by said County, either in said resolution or in sub-
sequent resolutions, but prior to the issuance of said bonds. The
principal of and the interest on said bonds 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 in-
terest thereon, which may be at any bank or trust company within
or without the State of Maryland. In case any officer whose signa-
ture 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 pur-
poses the same as if he had remained 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 regis-
tration 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 Maryland (1957 Edition),
but said County shall offer said bonds only by solicitation of com-
petitive 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.

In addition to making provision for the above described terms and
conditions of any bonds issued hereunder, the above mentioned resolu-
tion of the County shall likewise fix the terms and conditions of the
public sale of such bonds, and said resolution shall adopt a suitable