J. MILLARD TAWES, Governor                     1557

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 redeemable before ma-
turity, 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 denomi-
nation or denominations of the bonds and the place or places of pay-
ment 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), (1957 EDITION AND 1964 CUMULA-
TIVE SUPPLEMENT) AS AMENDED FROM TIME TO TIME,
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 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, pay-
ment 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