648                              Laws of Maryland                      [Ch. 322

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 never-
theless 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 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 resolu-
tion passed by the Board of County Commissioners of Charles 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
notice of sale, which shall briefly outline said terms and conditions
in accordance with the provisions hereof by an appropriate resolu-
tion. Said notice shall be published 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. At least one publication of
the notice of sale shall be made not less than ten (10) days before
the sale of said bonds. 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 bids awarded. It shall also specify that each bid
shall be made in writing by a sealed proposal and shall be accom-
panied by a good faith deposit in a fixed or determinable 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 aggregate par amount thereof,
the schedule of maturities thereof, the interest payable thereon, or
the method of determining the same, the purpose to which the pro-
ceeds thereof will be devoted, and the general form thereof, includ-
ing a statement whether said bonds will be redeemable, will be in
coupon or registered form, and whether the same will be registrable
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