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MUNICIPAL CHARTERS

OR DESTROYED; AND (VII) ANY OTHER MATTER RELATING TO THE
FORM, TERMS, CONDITIONS, ISSUANCE AND SALE AND DELIVERY
THEREOF.

(C)    IN CASE ANY OFFICER WHOSE SIGNATURE OR A
FACSIMILE OF WHOSE SIGNATURE APPEARS ON ANY BONDS OR
COUPONS SHALL CEASE TO BE SUCH OFFICER BEFORE THE
DELIVERY OF SUCH BONDS, SUCH SIGNATURE OR FACSIMILE SHALL
NEVERTHELESS BE VALID AND SUFFICIENT FOR ALL PURPOSES THE
SAME AS IF HE HAD REMAINED IN OFFICE UNTIL SUCH DELIVERY.

(D)    THE BONDS SHALL BE EXEMPT FROM THE PROVISIONS
OF §§ 9, 10 AND 11 OF ARTICLE 31 OF THE ANNOTATED CODE
OF MARYLAND, AND THE TOWN MAY SELL SUCH BONDS IN SUCH
MANNER, EITHER AT PUBLIC OR AT PRIVATE SALE, AND FOR SUCH
PRICE AS IT MAY DETERMINE.

(E)    IF THE PROCEEDS OF THE BONDS OF ANY ISSUE
SHALL, BY REASON 0? INCREASED CONSTRUCTION COSTS OR ERROR
IN ESTIMATES OR OTHERWISE, BE LESS THAN THE AMOUNT
REQUIRED FOR THE PURPOSE FOR WHICH SUCH BONDS ARE
AUTHORIZED, ADDITIONAL BONDS MAY IN LIKE MANNER BE ISSUED
TO PROVIDE THE AMOUNT OF SUCH DEFICIENCY AND SHALL BE
DEEMED TO BE OF THE SAME ISSUE AND SHALL BE ENTITLED TO
PAYMENT FROM THE SAME FUND WITHOUT PREFERENCE OR PRIORITY
OF THE BONDS FIRST ISSUED. IF THE PROCEEDS OF SUCH BONDS
SHALL EXCEED THE AMOUNT SO REQUIRED, SUCH EXCESS SHALL BE
DEPOSITED TO THE CREDIT OF ANY RESERVE FUND FOR SUCH
BONDS OR, IF SO PROVIDED IN ANY TRUST AGREEMENT SECURING
SUCH BONDS, MAY BE APPLIED TO THE COST OF ANY ADDITIONAL
PROJECT.

(F)    THE TOWN MAY ALSO PROVIDE BY RESOLUTION OR
ORDINANCE FOR THE ISSUANCE AND SALE OF ITS REVENUE
REFUNDING BONDS FOR THE PURPOSE OF REFUNDING ANY REVENUE
BONDS ISSUED UNDER THE PROVISIONS OF THIS SECTION,
INCLUDING THE PAYMENT OF ANY REDEMPTION PREMIUM THEREON
AND ANY INTEREST ACCRUED OR TO ACCRUE TO THE DATE OF
REDEMPTION OF SUCH BONDS, AND, IF DEEMED ADVISABLE BY
THE TOWN, FOP EITHER OR BOTH OF THE FOLLOWING COMBINED
ADDITIONAL PURPOSES: (I) CONSTRUCTING IMPROVEMENTS OR
EXTENSIONS TO OR ENLARGEMENT OR ANY UTILITY FACILITY OR
PROJECT AND (II) PAYING ALL OR ANY PART OF THE COST OF
ANY ADDITIONAL UTILITY FACILITY OR PROJECT. THE ISSUANCE
OF SUCH BONDS AND THE DETAILS THEREOF, THE RIGHTS OF THE
HOLDERS THEREOF, AND THE RIGHTS, DUTIES AND OBLIGATIONS
OF THE TOWN IN RESPECT THERETO, SHALL BE GOVERNED BY THE
PROVISIONS OF THIS SECTION RELATING TO REVENUE BONDS,
INSOFAR AS THEY MAY BE APPLICABLE.

(G)    THE TOWN MAY ALSO PROVIDE BY RESOLUTION OR
ORDINANCE: (I) FOR THE ISSUANCE, PRIOR TO THE PREPARATION
OF DEFINITIVE BONDS, OF INTERIM CERTIFICATES OR TEMPORARY
BONDS, WITH OR WITHOUT COUPONS, EXCHANGEABLE FOR