J. MILLARD TAWES, Governor                     1453

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 Prince George's County or such other
official of the County designated to receive such payment in a resolu-
tion passed by the Board of County Commissioners for Prince
George's County before such delivery.

In addition to making provision for the above-described terms and
conditions of any group or series of bonds issued hereunder, the
County shall likewise fix the terms and conditions of the public sale
of such group or series of bonds and shall adopt a suitable form of
notice of sale, which shall briefly outline said terms and conditions in
accordance with the provisions hereof by an appropriate resolution.
Said notice shall be published 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. At least one publication of
the notice of sale shall be made not less than ten (10) days before
the sale of said bonds. 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 proceeds
thereof will be devoted, and the general form thereof, including a
statement whether said bonds will be redeemable, will be in coupon
or registered form, and whether the same will be registrable 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 condi-
tion 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 publishing said entire notice of
sale, the County may, if it shall so elect in said resolution, publish a
brief summary of said notice which need not contain all the informa-
tion required for said notice of sale but which shall state where inter-
ested parties may obtain a complete copy thereof.

Sec. 4. And be it further enacted, That the money so borrowed for
the County Health Department Building described in said resolution
above required, in evidence of which any such bonds shall be issued,
shall be paid to the Treasurer of Prince George's County and shall
be used exclusively and solely for such County Health Department
Building. In the event the amounts so borrowed shall prove inade-
quate for the financing of such County Health Department Building,