J. MILLARD TAWES, GOVERNOR                             1645

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 such bonds shall have been registered as to both princi-
pal 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 Gen-
eral Laws of Maryland (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 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, how-
ever, 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 County 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 accord-
ance with the provisions hereof. Said notice shall be published at
least twice in one or more daily or weekly newspapers haying 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 determinable 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 the date of
issue of the bonds offered, the total aggregate par amount thereof,
the schedule of maturities thereof, the interest payable thereon, or
the method of determining the same, the purpose to which the pro-
ceeds thereof will be devoted, and the general form thereof, includ-
ing a statement whether said bonds will be redeemable, will be in
coupon or registered form, and whether the same will be register-
able as to principal, or as to both principal and interest. Each such
notice of sale shall also contain a brief summary of the current
financial condition of the County or shall indicate where such a
statement may be obtained and, finally, shall reserve unto the
County the right to reject any or all bids received. In lieu of pub-