642                              Laws of Maryland                      [Ch. 321

describing generally by classes the public school or schools for
which said borrowing or indebtedness is intended, the amount needed
for said purposes and determining to borrow money or incur in-
debtedness for all or a part of the amount so needed, and to issue its
bonds to evidence such borrowing or indebtedness. Each series or
group of said bonds shall be issued to mature in annual serial
installments, the last installment to mature not later than thirty
(30) years from the date of issue of said group or series. In said
resolution, said County shall fix the annual serial maturity plan with
respect to the bonds to be issued thereunder and 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 limitations herein
contained, said County shall have and is hereby granted full and
complete authority and discretion to fix and determine, 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 respectively mature and
be payable, the manner of selling said bonds at public sale, and
generally all matters incident or necessary to the issuance, sale and
delivery thereof. The bonds of each such issue shall be dated, shall
bear interest at such rate or rates 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, as 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 cou-
pons 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. Such 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 provisions of Sections 9,
10 and 11 of Article 31 of the Code of Public General Laws of
Maryland (1967 Replacement Volume) 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. 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.