Marvin Mandel, Governor                          51

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
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 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 Gen-
eral 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 deter-
mined to be for the best interest of the County, either at, above or be-
low 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 re-
ceived therefor at more than six per centum (6%) per annum, com-
puted with relation to the absolute maturity of the bonds in accord-
ance with standard tables of bond values, excluding, however, from
such computation the amount of any redemption premium]. Upon de-
livery 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 designated to receive such
payment in a resolution passed by the Board of County Commis-
sioners 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
County shall likewise fix the terms and conditions of the public sale
of such group or series of bonds and shall adopt a suitable form of
notice of sale, which shall briefly outline said terms and conditions
in accordance with the provisions hereof by an appropriate resolu-
tion. Said notice shall be published in one or more daily or weekly
newspapers having a general circulation in the County, and may also
be published in one or more journals having a circulation primarily
among banks and investment bankers. At least one publication 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
bidder 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 accom-
panied by a good faith deposit in a fixed or determinate 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 payable
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 re-