1800                             Laws of Maryland                        Ch 640

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.

In addition to making provision for the above-described terms
and conditions of any group or series of bonds issued hereunder,
the County, by an appropriate resolution, 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. 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 pri-
marily among banks and investment bankers. At least one publica-
tion 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 accompanied by a good faith deposit in a fixed or de-
terminable 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 redeemable, 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 re-
ceived. In lieu of publishing 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 par-
ties may obtain a complete copy thereof.

Sec. 4. And be it further enacted, That before borrowing any
money or issuing any bonds pursuant to the authority of this Act,
the County may adopt, in addition to or as a part of any other
resolution required by this Act, a resolution (i) determining the
fire company or companies to which the proceeds of the bonds au-
thorized by this Act shall be paid by the Treasurer of Prince George's
County (or such other officer of the County designated to receive
payment for the bonds in a resolution passed by the Board of County
Commissioners for Prince George's County pursuant to Section 5 of
this Act) and (ii) prescribing the terms and conditions upon which
the proceeds of the bonds authorized by this Act shall be made
available for use by such fire company or companies. The County
may provide by such resolution that (i) in addition to the fact that
the bonds authorized hereunder are an irrevocable pledge of the
full faith and credit of the entire County, the principal of and in-
terest on such bonds shall be paid primarily from the fire taxes