SPIRO T. AGNEW, Governor                         31

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 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 Mary-
land (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 Harford
County or such other official of the County designated to receive
such payment in a resolution passed by the Board of County Com-
missioners of Harford 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 County shall likewise fix the terms and conditions of the public
sale of such group or series of bonds and shall adopt a suitable
form of notice of sale, which shall briefly outline said terms and
conditions in accordance with the provisions hereof by an appro-
priate resolution. 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 determinate 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 state-
ment 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 contain a brief summary of the current financial con-
dition 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 resolu-
tion, publish a brief summary of said notice which need not con-
tain all the information required for said notice of sale but which