862

LAWS OF MARYLAND

Ch. 116

complete authority and discretion to fix and determine, in
said resolution, the form and tenor of any such bonds, the
rate or rates of interest payable thereon, or the method of
arriving at the same, the date or dates upon which said
bonds shall respectively mature and be payable, the manner
of selling said bonds at public sale, and generally all
matters incident or necessary to the issuance, sale, and
delivery thereof. The bonds of each such issue shall be
dated, shall bear interest at such rate or rates as may be
determined, payable semi-annually, shall mature at such time
or times as may be determined by said resolution, and 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 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 (1976 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 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