HARRY HUGHES, Governor                               2317

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 a bond of any issue may not mature later than 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
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 no less than 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 the County or such other official of the County as may be
designated to receive such payment in a resolution adopted
by the Board before such delivery.