476                              Laws of Maryland                      [Ch. 204

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 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 Frederick County.

In addition to making provision for the above described terms and
conditions of any group or series of bonds issued hereunder, the above
mentioned resolution of the county shall likewise fix the terms and
conditions of the public sale of such group or series of bonds, and said
resolution shall adopt a suitable form of notice of sale, which shall
briefly outline said terms and conditions in accordance with the pro-
visions hereof. Said notice shall be published at least twice 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 primarily among banks and investment bankers.
The sale of said bonds shall be held not sooner than ten (10) days
following the first publication of said notice. 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 determinate 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 aggre-
gate 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 registerable 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 received. 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 but
which shall state where interested parties may obtain a complete
copy thereof.

Sec. 4. And be it further enacted, That the proceeds from the sale
of said bonds shall be paid to the County Treasurer and shall be set
apart by him in an account or accounts, to the credit of "Court House

Construction Study Bonds of Frederick County of............," and shall

be disbursed by him only for the purposes herein authorized, and upon
the order of the County Commissioners of Frederick County, provided
that any accrued interest and/or premium received from the sale
of said bonds may be applied to the payment of the first maturing
interest of said bonds.

All contracts for the employment of architectural and engineering
services, all contracts for the preparation of plans, drawings and