1054                            LAWS OF MARYLAND                      [CH. 601

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 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) 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 rela-
tion to the absolute maturity of the bonds in accordance with
standard tables of bond values, excluding, however, from such com-
putation 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[.J
, or to such other official of the County designated to receive such
payment in a resolution passed by the Board of County Commis-
sioners 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 at least twice
in one or more daily or weekly newspapers having a general circu-
lation in the County, and may also be published in one or more
journals having a circulation primarily among banks and invest-
ment 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 there-
for and shall state how said highest bidder or bidders will be deter-
mined. 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 determinable amount as security for compliance by the
bidder with his bid. Said notice shall refer to this subtitle as author-
ity for the bonds and shall state the date of issue of the bonds
offered, the total aggregate 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 redeemable, will be in coupon or regis-
tered form, and whether the same will be registrable as to principal,