1308                            LAWS OF MARYLAND                      [CH. 741

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 Treas-
urer of Prince George's County or such other official of the County
designated to receive such payment in a resolution passed by the
Board of County Commissioners 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 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. At least
one publication of the notice of sale shall be made not less than ten
(10) days before the sale of said bonds. 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 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 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 con-
tain 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 publishing said entire notice of sale, the County
may, if it shall so elect in said resolution, publish a brief summary of
said notice which need not contain all the information required for
said notice of sale but which shall state where interested parties may
obtain a complete copy thereof.

Sec. 5. And be it further enacted, That the money so borrowed
for the public facilities described in said resolution above required,
in evidence of which any such bonds shall be issued, shall be paid to
the Treasurer of Prince George's County and shall be used exclusively
and solely for such public facilities. In the event the amounts so bor-
rowed shall prove inadequate for the financing of any such public
facilities, at any time, the County may issue additional bonds within
the limitations hereof for the purpose of evidencing the borrowing
of additional funds for any such public facilities, provided the res-
olution for authorizing the additional bonds shall so recite, but if