HARRY HUGHES, Governor

2305

full faith and credit of its 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 Board which
shall describe generally the hospital improvements for which
the proceeds of the bond sale are intended and the amount
needed for such purpose. 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 of
maturity and the amount or amounts so maturing, 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 interest 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; the collateral, if any, to be pledged or assigned
to the payment of principal of and interest on the bonds;
and generally all matters incident to the terms, conditions,
issuance, sale and delivery of the bonds.

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 of the Board. 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 or of both principal and interest 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 or she 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,
which shall outline the terms and conditions, and a form of