MARVIN Mandel, Governor                         449

($300,000) shall be allocated to finance the construction or develop-
ment of the public facilities described in Section 1(a), the sum of
One Hundred Thousand Dollars ($100,000) shall be so allocated for
the public facilities described in Section 1(b), the sum of One Hun-
dred Thousand Dollars ($100,000) shall be so allocated for the public
facilities described in Section 1(c), the sum of Fifty Thousand
Dollars ($50,000) shall be so allocated for the public facilities de-
scribed in Section 1(d), and the sum of Fifty Thousand Dollars
($50,000) shall be so allocated for the public facilities in Section
1(e), provided always that the remaining Fifty Thousand Dollars
($50,000) authorized to be borrowed hereunder may be allocated,
in part or in whole, at one time or from time to time, as the County
may determine, to supplement the abovementioned sums in order to
complete the financing of the construction or development of any one
or all of the public facilities described in Section 1.

Sec. 3. And be it further enacted, That the bonds shall be issued
pursuant to a resolution of the County which shall describe the public
facilities for which the borrowing is intended and the amount needed
for such purposes. The County shall have and is hereby granted
full and complete authority and discretion in the resolution to fix
and determine with respect to the bonds of any issue: the designa-
tion, date of issue, denomination or denominations, form or forms
and tenor of the bonds; the rate or rates of interest payable thereon,
or the method of determining the same; the date or dates and amount
or amounts of maturity, which need not be in equal par amounts or
in consecutive annual installments, provided only that no bond of
any issue shall mature later than twenty-five (25) years from the
date of its issue; the manner of selling the bonds, which may be at
either public or private sale, for such price or prices as may be
determined to be for the best interests of the County; the manner of
executing and sealing the bonds, which may be by facsimile; the
place or places of payment of the principal of and the interest on the
bonds, which may be at any bank or trust company within or without
the State of Maryland; and generally all matters incident to the
terms, conditions, issuance, sale and delivery thereof.

The bonds may be made redeemable before maturity, at the option
of the County, at such price or prices and under such terms and
conditions as may be fixed by the County prior to the issuance of
the bonds, either in the resolution or in subsequent resolutions.
The bonds may be issued in coupon or in registered form or both,
and provision may be made for the registration of the principal only
of bonds having coupons attached, and for the reconversion of bonds
into coupon form if any such bonds shall have been registered as
to both principal and interest. 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 signa-
ture shall nevertheless be valid and sufficient for all purposes as if
he had remained in office until such delivery. The bonds, and the
issuance and sale thereof, shall be exempt from the provisions of
Sections 9,10 and 11 of Article 31 of the Annotated Code of Maryland
(1967 Replacement Volume).

In the event the County determines in the resolution to offer
any of the bonds by solicitation of competitive bids at public sale,
the resolution shall fix the terms and conditions of the public sale