MARVIN MANDEL, Governor

2201

designation, date of issue, denomination or
denominations, form or forms and tenor of the bonds; the
rate or rates of interest payable thereon, or the method
of determining the same; the date or dates and amount or
amounts of maturity, which need not be in equal par
amounts or in consecutive annual installments, provided
only that no bond of any issue shall mature later than
twenty—five (25) years from the date of its issue; the
manner of selling the bonds, which may he at either
public or private sale, for such price or prices as may
be determined to be for the best interests of the County;
the manner of executing and sealing the bonds, which may
be by facsimile; the place or places of payment of the
principal of and the interest on the bonds, which may be
at any bank or trust company within or without the State
of Maryland; and generally all matters incident to the
terms, conditions, issuance, sale and delivery thereof.

The bonds may 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 the
County prior to the issuance of the bonds, either in the
resolution or in subsequent resolutions. The bonds may
be issued in coupon or in registered form or both, and
provision may be made for the registration of the
principal only of bonds having coupons attached, and for
the reconversion of bonds into coupon form if any bond
has been registered as to both principal and interest.
In case any officer whose signature appears on any bond
or on any coupon attached thereto ceases to be such
officer before the delivery thereof, such signature shall
nevertheless be valid and sufficient for all purposes as
if he had remained in office until such delivery. The
bonds, and the issuance and sale thereof, shall be exempt
from the provisions of Sections 9, 10 and 11 of Article
31 of the Annotated Code of Maryland (1971 Replacement
Volume).

In the event the County determines in the resolution
to offer any of the bonds by solicitation of competitive
bids at public sale, the resolution shall fix the terms
and conditions of the public sale and shall adopt a form
of notice of sale, which shall outline the terms and
conditions, and a form of advertisement, which shall be
published in one or more daily or weekly newspapers
having a general circulation in the County and which may
also be published in one or more journals having a
circulation primarily among banks and investment bankers.
At least one publication of the advertisement shall be
made not less than ten (10) days before the sale of
bonds.

Upon delivery of any bonds to the purchaser or
purchasers, payment therefor shall be made to the
Treasurer of Dorchester County or such other official of
the County designated to receive such payment in a
resolution passed by the Board of County Commissioners of
Dorchester County before such delivery.