Marvin Mandel, Governor                         661

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 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 pub-
lic sale, and generally all matters incident or necessary to the issu-
ance, sale and delivery thereof. The bonds of each such issue shall be
dated, shall bear interest at such rate or rates not exceeding [six]
eight per centum [6%] 8% 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
maturity, at the option of the County, at such price or prices and un-
der such terms and conditions as may be fixed by said County, either
in said resolution or in subsequent resolutions, but prior to the issu-
ance 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 suf-
ficient 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 prin-
cipal 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 provisions of Sections 9, 10, and 11 of
Article 31 of the Code of Public General Laws of Maryland (1957
Edition, as amended) 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] eight per centum [(6%)] (8%)
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 delivery of any of said bonds to the purchaser or
purchasers thereof, payment therefor shall be made to the Treasurer
of Harford County or such other official of the County designated
to receive such payment in a resolution passed by the Board of
County Commissioners of Harford County before such delivery.

In addition to making provision for the above-described terms and
conditions of any group or series of bonds issued hereunder, the
County 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