1662                           LAWS OF MARYLAND                      [CH. 766

the form and the manner of execution of any of said bonds, including
any interest coupons to be attached thereto, and shall fix the de-
nomination or denominations of the bonds and the 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 sig-
natures and counter-signatures on said bonds and the coupons at-
tached 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 pur-
poses 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, or both, as the County Commis-
sioners may determine, and provisions may be made for the registra-
tion of any coupon bonds as to principal alone and also as to both
principal and interest, and for the reconversion into coupon bonds
any bonds registered as to both principal and interest, and for the
interchange of registered and coupon bonds. The County Commis-
sioners 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 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 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 conducted 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 Commissioners of Cecil
County is authorized by this section to take in the issue and sale
of the bonds hereby authorized, shall be taken by resolution of the
Board of County Commissioners, adopted in accordance with the
established practices of the County.

Sec. 2. And be it further enacted, Subject to the limitations herein

contained, the bonds of each issue hereby authorized shall be dated,

shall bear