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Session Laws, 1974
Volume 713, Page 2350   View pdf image
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2350                                          LAWS OF MARYLAND                      [Ch. 689

as may be determined 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 facsimile, and shall fix the
denomination or denominations of the bonds and the place
or places of payment of the principal and interest
thereon, which may be at any bank and 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 signatures
shall nevertheless be valid and sufficient for all
purposes the same as if he had remained in office until
such delivery. Said bonds lay, by any such resolution,
be issued in coupon or 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 fora if any of
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 (1971
Replacement Volume), as amended from time to time, 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 Frederick County.

In addition to making provisions 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 provisions 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

 

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Session Laws, 1974
Volume 713, Page 2350   View pdf image
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