1068                           LAWS OF MARYLAND                     [CH. 734

COUNTY COMMISSIONERS AND the Board of Education of Har-
ford County and, in order to make such financing possible, said
County is hereby granted the power and authority to borrow money
and incur indebtedness for such purpose, from time to time, in an
amount not exceeding the sum of Six Million Dollars ($6,000,000)
and to evidence such borrowing by the issuance and sale upon its full
faith and credit of its serial maturity, general obligation coupon
bonds in like par amount, upon the terms and conditions hereinafter
set forth. Such bonds may be issued from time to time, in one or
more groups or series, as funds for such public school and Commu-
nity College construction or acquisition become necessary, provided,
however, that the total debt which may be incurred pursuant to
the authority of this Act shall not exceed Six Million Dollars
($6,000,000).

Sec. 3. And be it further enacted, That, subject to the foregoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolution
describing generally by classes the public school or schools and the
Community College or Colleges for which said borrowing or indebt-
edness is intended, the amount needed for said purposes, and deter-
mining to borrow money or incur indebtedness for all or a part of
the amount so needed, and to issue its bonds to evidence such bor-
rowing or indebtedness. Each series or group of said bonds shall be
issued to mature in annual serial installments, the last installment
to mature not later than thirty (30) years from the date of issue of
said group or series. In said resolution, said County shall fix the
annual serial maturity plan with respect to the bonds to be issued
thereunder and said annual serial maturities shall be so fixed as to
conform to the general financial plans of the County but need not
be in equal par amounts or in consecutive annual installments.
Subject to the limitations herein contained, said County shall have
and is hereby granted full and complete authority and discretion to
fix and determine, in said resolution, the form and tenor of any such
bonds, the rate or rates of interest payable thereon, or the method
of arriving at the same, the date or dates upon which said bonds
shall respectively mature and be payable, the manner of selling said
bonds at public sale, and generally all matters incident or necessary
to the issuance, sale and delivery thereof. The bonds of each such
issue shall be dated, shall bear interest at such rate or rates not
exceeding six per centum (6%) per annum, payable semi-annually,
shall mature at such time or times as may be determined by said
resolution, and said bonds may, by said resolution be made redeem-
able 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 execut-
ing 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 the 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 never-