J. MILLARD TAWES, Governor                     1841

tions, 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 man-
ner 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 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
haying 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 Prince George's County or such other official of the County desig-
nated to receive such payment in a resolution 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
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 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. 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 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
his bid. Said notice shall refer to this Act as authority for the bonds