1510                           LAWS OF MARYLAND                       CH. 736

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 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 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 percentum (6%) per annum,
computed with relation to the absolute maturity of the bonds in ac-
cordance 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 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 Commis-
sioners 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 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 re-
ceived 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 statement 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 cur-
rent financial condition 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 pub-
lishing said entire notice of sale, the County, may, if it shall so elect