656                             LAWS OF MARYLAND                       CH. 437

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 resolu-
tion 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 com-
pany 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 cou-
pon or in registered form or both, and provision may be made for
the registration of said bonds having coupons attached, as to prin-
cipal 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 (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, however, from such
computation 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 Harford County
or to such other official of the County designated to receive such
payment in a resolution passed by the Board of County Commis-
sioners 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 or 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