546                              Laws of Maryland                       [Ch. 410

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 conditions as may be fixed by said
County, either in said resolution or in subsequent 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 places or places
of payment of the principal and 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 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 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 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 Frederick 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 accordance with the
provisions hereof. Said notice shall be published at least twice in one
or more daily or weekly newspapers 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 follow-
ing 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 pro-
posal and shall be accompanied by a good faith deposit in a fixed or
determinate amount as security for compliance by the bidder with