J. MILLARD TAWES, Governor                      781

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 regis-
tered 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 regis-
tered as to both principal and interest. Such bonds shall not be sub-
ject 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 pay-
ment 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.

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 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
and shall state the date of issue of the bonds offered, the total aggre-
gate 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 re-
deemable, 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 condition 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 publish-