482                              Laws of Maryland                      [Ch. 207

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 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 provi-
sions of Sections 9, 10 and 11 of Article 31 of the Code of Public
General Laws of Maryland (1971 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 Section
10 of said Article 31 only as to those bonds sold 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. Upon delivery of any of said bonds
to the purchaser or purchasers thereof, payment therefor shall be
made to the Treasurer of Charles County or such other official of the
County designated to receive such payment in a resolution passed
by the Board of County Commissioners of Charles County before
such delivery.

Sec. 4. And be it further enacted, That the money so borrowed
for the flood prevention and watershed projects described in said
resolution above required, in evidence of which any such bonds shall
be issued, shall be paid to the Treasurer of Charles County (or to
such other official of the County designated to receive such payment
in a resolution passed by the Board of County Commissioners of
Charles County before such delivery) and shall be used exclusively
and solely for the completion of construction and development of
the Gilbert Run Regional Park. In the event the amounts so borrowed
shall prove inadequate for the financing of the said completion of
construction and development, at any time, the County may issue
additional bonds within the limitations hereof for the purpose of
evidencing the borrowing of additional funds for any such flood
prevention and watershed projects, provided the resolution for au-
thorizing the additional bonds shall so recite, but if the funds derived
from the sale of any issue of said bonds shall exceed the amount
needed to finance the completion of construction and development
of the Gilbert Run Regional Park described in said resolution, the
excess funds so borrowed shall be applied by said County in payment
of the next principal maturity of the bonds so issued or to the