60                                Laws of Maryland                         Ch. 19

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 respec-
tively 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 reso-
lutions, 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 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 in office until such deliv-
ery. 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 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 bonds 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 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 Commissioners for Prince George's County before
such delivery.