Marvin Mandel, Governor                           45

last installment to mature not later than thirty years from the
date of issue of said group or series. In said resolution, said County
shall fix the annual serial maturity plan with respect to the bonds
to be issued thereunder and said annual serial maturities shall be
so fixed as to conform to the general financial plans of the County
but need not be in equal par amounts or in consecutive annual
installments. Subject to the limitations herein contained, said County
shall have and is hereby granted full and complete authority and
discretion to fix and determine, in said resolution, the form and
tenor of any such bonds, the rate or rates of interest payable thereon,
or the method of arriving at the same, the date or dates upon
which said bonds shall respectively mature and be payable, the
manner of selling said bonds at public sale, and generally all mat-
ters incident or necessary to the issuance, sale and delivery thereof.
The bonds of each such issue shall be dated, shall bear interest
at such rate or rates [not exceeding six per centum (6%) per
annum], payable semi-annually, shall mature at such time or
times as may be determined by said resolution, and said bonds
may, by 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 resolution or in subsequent resolutions, but prior to the issu-
ance of said bonds. The principal of and the interest on said
bonds may be made payable in any lawful medium. Said reso-
lution 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 company 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 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 regis-
tered 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 (1957 Edition)
but said County shall offer said bonds only by solicitation of com-
petitive 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, payment therefor shall be made to the Treasurer of Prince
George's County.