Marvin Mandel, Governor                          47

cretion 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 matters 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 deter-
mined by said resolution, and said bonds may, by said resolution,
be made redeemable before maturity, at the option of the County,
as 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 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 man-
ner 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 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 never-
theless 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 registered as to both
principal and interest. Such bonds shall not be subject to the provi-
sions 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 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, payment therefor shall be made to the Treasurer
of Prince George's County or such other official of the County desig-
nated to receive such payment in a resolution passed by the Board of
County Commissioners for Prince George's 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
above-mentioned resolution of the County shall likewise fix the terms
and conditions of the public sale of such group or series of bonds,
and said resolution shall adopt a suitable form of notice of sale,
which shall briefly outline said terms and conditions in accordance
with the provisions hereof. Said notice shall be published in one or