J. MILLARD TAWES, Governor                        89

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 executing
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 Mary-
land. In case any officer whose signature shall appear on any such
bond, or on the coupons attached thereto, shall cease to be such offi-
cer 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 resolu-
tion, be issued in coupon or in registered form or both, and pro-
vision may be made for the registration of said bonds having coupons
attached, as to principal alone and also as to both principal and in-
terest, and for the reconversion of said bonds into coupon form if
any such bonds shall have been registered as to both principal and
interest. Such bonds shall not be subject to the provisions of Sec-
tions 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 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 Kent
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 ac-
cordance 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