SPIRO T. AGNEW, Governor                      1375

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 re-
mained 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 (1967 Replacement Volume), as amended from
time to time, but said County shall offer said bonds only by solicita-
tion 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 there-
for 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 com-
putation the amount of any redemption premium. Upon delivery
of any of said bonds to the purchaser or purchasers thereof, pay-
ment therefor shall be made to the Treasurer 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 Com-
missioners 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 County, by an appropriate resolution, 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. 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 pri-
marily among banks and investment bankers. At least one publica-
tion 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 high-
est 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 determinable
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 pay-
able 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 redeem-
able, will be in coupon or registered form, and whether the same will