52                                Laws of Maryland                         Ch. 19

deemable, 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 publish-
ing 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.

Chapter 601 of the Acts of 1967

Sec. 3. And be it further enacted, That, subject to the foregoing
limitations, the County shall, before borrowing any money or issuing
any bonds pursuant to the authority of this Act, adopt a resolution
describing the fire engine houses for which said borrowing or in-
debtedness is intended, the amount needed for said purposes in the
aggregate, and determining to borrow money or incur indebtedness
for all or a part of the amount so needed, and to issue its bonds
to evidence such borrowing or indebtedness. Each series or group of
said bonds shall be issued to mature in annual serial installments, the
last installment to mature not later than thirty (30) 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 gen-
erally 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 determined by said resolution, and
said bonds may, by said resolution, be made redeemable before ma-
turity, 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 issuance of said bonds. The principal of and the interest on
said bonds may be made payable in any lawful medium. Said resolu-
tion 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 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