58                                Laws of Maryland                         Ch. 19

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 limi-
tations herein contained, said County shall have and is hereby
granted full and complete authority and discretion to fix and deter-
mine, in said resolution, the form and tenor of any such bonds,
the rate or rates of interest payable thereon, or the method of arriv-
ing at the same, 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 determined by said
resolution, and said bonds may, by said resolution, be made re-
deemable 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 issuance of said bonds. The principal of
and the interest on said bonds may be made payable to any lawful
medium. Said resolution shall determine the form of said bonds, in-
cluding 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 with-
out 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
haying 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
provisions of Sections 9, 10 and 11 of Article 31 of the Code of Public
General Laws of Maryland (1967 Replacement Volume), as amended
from time to time, 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 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