Marvin Mandel, Governor                           27

marily among banks and investment bankers. At least one publica-
tion 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 bidders 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 faith deposit in a fixed or determinable
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 pay-
able 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 redeem-
able, 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
current 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
in said resolution, publish a brief summary of said notice which need
not contain all the information required for said notice of sale but
which shall state where interested parties may obtain a complete
copy thereof.

Sec. 2. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the immedi-
ate preservation of the public health and safety and having been
passed by a yea and nay vote supported by three-fifths of all the
members elected to each of the two Houses of the General Assembly,
the same shall take effect from the date of its passage.

Approved by the Governor, December 18, 1969.

CHAPTER 9
(Senate Bill 7)

AN ACT to repeal and re-enact, with amendments, Section 447 (b)
of the Code of Public Local Laws of Harford County (1965 Edi-
tion), being Article 13 of the Code of Public Local Laws of Mary-
land, title."Harford County," subtitle "Metropolitan Commission,"
amending the laws concerning the Metropolitan Commission of
Harford County in order to change the maximum rate of interest
which may be fixed for bonds issued by the Metropolitan Com-
mission.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 447(b) of the Code of Public Local Laws of Harford
County (1965 Edition), being Article 13 of the Code of Public Local
Laws of Maryland, title "Harford County," subtitle "Metropolitan
Commission," be and it is hereby repealed and re-enacted, with
amendments, to read as follows: