MARVIN MANDEL, Governor                      1661

place or places of payment of principal or interest, which may be
at any bank or trust company within or without the State. The
County Commissioners is hereby empowered to provide that the

County seal to be affixed to said bonds may be imprinted thereon in

facsimile, and that all signatures and counter signatures on said
bonds and the coupons attached thereto may likewise be in facsimile

except that at least one of said signatures on each bond shall be

manually affixed. In case any official whose signature or facsimile

of whose signature shall appear on any such bonds or coupons shall

cease to be such official before the delivery of such bonds, or shall

become such an official between the date of issue and date of delivery
thereof, such signature or such facsimile will nevertheless be valid
and sufficient for all purposes the same as if he had remained in

office until such delivery or had taken office prior to said date of

issue. The bonds may be issued in coupon or in registered form
j

or both, as the County Commissioners may determine, and provi-

asions may be made for the registration of any coupon bonds as to

principal alone and also as to both principal and interest, and for the
principal and interest, and for the interchange of registered and

coupon bonds. The County Commissioners may sell any such bonds
in such manner either at public or private sale, and for such price

or prices, as it may determine to be for the best interests of the

County, 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

[five] six per centum [(5%)] (6%) per annum, computed with re-

lation to the absolute maturity of the bonds in accordance with stand-
ard tables of bond values, excluding, however, from such computation
the amount of any premium to be paid on redemption of any bonds
prior to maturity. In the event the County shall sell or offer for sale at
public sale any of the bonds hereby authorized, such sale shall be con-
ducted in the manner prescribed by Sections 10 and 11 of Article 31 of
the Annotated Code of Maryland (1957 Edition) as said sections may

be amended from time to time. All action which the County Com-

missioners of Cecil County is authorized by this section to take in the

issue and sale of bonds hereby authorized, shall be taken by resolu-