2184

LAWS OF MARYLAND

[Ch. 356

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 may, 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 form 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 bends 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 Carroll 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
first publication of said notice. Said notice shall
state how the best bid 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
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