1628                             Laws of Maryland                       Ch. 559

in like par amount, upon the terms and conditions hereinafter set
forth. Such bonds may be issued from time to time, in one or more
groups or series, as funds for flood prevention and watershed
projects become necessary, provided; however, that the total debt
which may be incurred pursuant to the authority of this Act shall
not exceed Two Hundred Fifty Thousand Dollars ($250,000.00).

Sec. 3. And be it further enacted, That subject to the forego-
ing limitations, the County shall, before borrowing any money or
issuing any bonds pursuant to the authority of this Act, adopt a
resolution describing generally the flood prevention and watershed
projects for which said borrowing or indebtedness is intended, the
amount needed for said purposes, 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 at such
time or times, not exceeding fifty (50) years from the date of issue
of said group or series, as may be determined by said County in
said resolution. 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, either at public or private 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, payable annually,
shall mature at such time or times as may be determined by said
resolution, and said bonds may, by said resolution be made redeem-
able 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 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 the 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 such bonds shall have been registered as to both
principal and interest. Such bonds shall not be subject to the pro-
visions 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, except that, if all or any of the bonds are sold
at public sale, the County shall comply with the provisions of Sec-
tion 10 of said Article 31 only as to those bonds sold at public