1586                             Laws of Maryland                      [Ch. 874

pay the principal and interest of any such bonds, then and in that
event, the County Commissioners shall make up such deficiency by
the levy and collection of ad valorem taxes upon all property within
the corporate limits of the County subject to assessment for taxation
at the full County taxation rate, in rate and amount sufficient to
make up such deficiency. The County Commissioners may effect any
such borrowing by offering the bonds authorized hereby for sale at
public sale, then such sale shall be conducted in all respects in accord-
ance with the provisions of Section 33 of Article 31, of the Code of
General Public Laws of Maryland (1951 Edition), but notwithstand-
ing the provisions of said section, said Board of County Commis-
sioners may, if it so elects, sell said bonds at private sale at the best
price obtainable therefor, 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 five (5) per cent 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. If such bonds are sold at public
sale, the published notice of such sale need not contain all information
concerning the terms and conditions of sale as required by said Sec-
tion 33, but such published notice may be a brief summary of such
terms and conditions, but shall state where a complete statement of
said terms and conditions of sale, together with a complete financial
statement of the County may be obtained. The Board of County
Commissioners shall have full and complete discretion and authority
to determine the form and tenor of any such bonds so to be issued,
the rate or rates of interest payable thereon, or the method of arriv-
ing at the same, the date or dates upon which said bonds shall re-
spectively mature and be payable, and whether said bonds shall be
made redeemable before maturity, at the option of the County, and
the redemption prices to be offered. The principal and interest of
said bonds may, by said Board of County Commissioners, be made
payable in any lawful medium and at any place either within or
without the State of Maryland, and said bonds may be issued in
coupon or registration form or be issued subject to registration as
to principal only, or as to both principal and interest, upon such
terms and conditions as said Board of County Commissioners shall
provide. Said Board of County Commissioners shall also provide
for the manner of executing and sealing said bonds, which, in each
instance, may be by facsimile, and in case any officer whose signa-
ture or facsimile thereof 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 suffi-
cient for all purposes the same as if he had remained in office until
such delivery. Said Board of County Commissioners may, by appro-
priate resolution, provide for the replacement of any bonds issued
hereunder which shall have become mutilated or be destroyed or lost
upon such condition and after receiving such indemnity as said Board
of County Commissioners may think it proper and necessary to
stipulate and require.

Sec. 2. And be it further enacted, That the proceeds of the said
bonds, or any issue thereof, may, in the discretion of the County
Commissioners, upon the recommendations of the Advisory Board
created by Chapter 662 of the Acts of 1945 of the General Assembly