1600                           LAWS OF MARYLAND                      [CH. 733

bonds to be issued thereunder and said annual serial maturities shall
be so fixed 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 deter-
mined by said resolution, and said bonds may, by said resolution, be
made redeemable 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 fac-
simile, and shall fix the denomination or denominations of the bonds
and the place or places of payment 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 recon-
version 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), 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 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 Queen Anne's County or such other official of the County desig-
nated to receive such payment in a resolution passed by the Board of
County Commissioners of Queen Anne'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