1496                            LAWS OF MARYLAND                       CH. 733

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 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 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 Maryland (1957
Edition 1967 REPLACEMENT VOLUME) 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, how-
ever, 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 OR SUCH OTHER OFFICIAL OF THE COUNTY DESIG-
NATED TO RECEIVE SUCH PAYMENT IN A RESOLUTION
PASSED BY THE BOARD OF COUNTY COMMISSIONERS OF
KENT 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 accord-
ance 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
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