1992                           LAWS OF MARYLAND                      [CH. 860

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 resolu-
tion 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 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 pur-
poses 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 regis-
tration 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 sales 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 Anne Arundel County.

In addition to making provision for the above described terms
and conditions of any bonds issued hereunder, the above mentioned
resolution of the County shall likewise fix the terms and conditions
of the public sale of such 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 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 de-
terminable amount as security for compliance by the bidder with
his bid. Said notice shall refer to this Act as authority for the bonds