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LAWS OF MARYLAND

Ch. 29

borrow money and incur indebtedness for that purpose, at one
time or from time to time, in an amount not exceeding, in
the aggregate, Two Million Three Hundred Thousand Dollars
($2,300,000), and to evidence such borrowing by the issuance
and sale upon its full faith and credit of general
obligation bonds in like par amount, which may be issued at
one time or from time to time, in one or more groups or
series, as the County may determine.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds
shall be issued pursuant to a resolution of the County which
shall describe generally the jail facilities for which the
proceeds of the bond sale are intended and the amount needed
for those purposes. The County shall have and is hereby
granted full and complete authority and discretion in the
resolution to fix and determine with respect to the bonds of
any issue: the 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 thirty (30) years
from the date of its issue; the manner of selling the bonds,
which may be 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 (1976
Replacement Volume).

If 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,