2402                                   LAWS OF MARYLAND                                Ch. 240

AND MAY BE MADE REDEEMABLE BEFORE MATURITY, AT THE OPTION OF
THE AUTHORITY, AT SUCH PRICE OR PRICES AND UNDER SUCH TERMS
AND CONDITIONS AS MAY BE FIXED BY THE AUTHORITY PRIOR TO THE
ISSUANCE OF THE BONDS. THE AUTHORITY SHALL DETERMINE THE
FORM OF THE BONDS, INCLUDING ANY INTEREST COUPONS TO BE
ATTACHED TO THE BONDS, AND THE MANNER OF EXECUTION OF THE
BONDS, AND SHALL FIX THE DENOMINATION OR DENOMINATIONS OF
THE BONDS AND THE PLACE OR PLACES OF PAYMENT OF PRINCIPAL
AND INTEREST, WHICH MAY BE AT ANY BANK OR TRUST COMPANY. IN
CASE ANY OFFICER WHOSE SIGNATURE OR A FACSIMILE OF WHOSE
SIGNATURE APPEARS ON ANY BONDS OR COUPONS SHALL CEASE TO BE
AN OFFICER BEFORE THE DELIVERY OF THE BONDS, THE SIGNATURE
OR FACSIMILE SHALL NEVERTHELESS BE VALID AND SUFFICIENT FOR
ALL PURPOSES THE SAME AS IF THE OFFICER HAD REMAINED IN
OFFICE UNTIL DELIVERY. ALL REVENUE BONDS ISSUED UNDER THE
PROVISIONS OF THIS SUBTITLE ARE, AS BETWEEN SUCCESSIVE
HOLDERS, FULLY NEGOTIABLE UNDER TITLE 8 OF THE MARYLAND
COMMERCIAL LAW ARTICLE. THE BONDS MAY BE ISSUED IN COUPON
OR IN REGISTERED FORM, OR BOTH, AS THE AUTHORITY MAY
DETERMINE, AND PROVISION MAY BE MADE FOR THE REGISTRATION OF
ANY COUPON BONDS AS TO PRINCIPAL ALONE AND ALSO AS TO BOTH
PRINCIPAL AND INTEREST, AND FOR THE RECONVERSION INTO COUPON
BONDS OF ANY BONDS REGISTERED AS TO BOTH PRINCIPAL AND
INTEREST. THE ISSUANCE OF THE BONDS SHALL NOT BE SUBJECT TO
ANY LIMITATIONS OR CONDITIONS CONTAINED IN ANY OTHER LAW,
AND THE AUTHORITY MAY SELL THE BONDS IN THE MANNER, EITHER
AT PUBLIC OR AT PRIVATE SALE. AND FOR THAT PRICE, THE
AUTHORITY DETERMINES TO BE FOR THE BEST INTERESTS OF THE
AUTHORITY AND THE MUNICIPALITY TO BE SERVED.

(B) SPECIAL PROVISIONS FOR ALLEGANY AND DORCHESTER
COUNTIES AND MIDDLETOWN IN FREDERICK COUNTY.

IN ALLEGANY COUNTY AND DORCHESTER COUNTY, AND IN THE
TOWN OF MIDDLETOWN IN FREDERICK COUNTY, NO BONDS SHALL BE
ISSUED UNDER THE AUTHORITY, OF THIS SUBTITLE UNLESS THE
QUESTION OF ISSUING THE BONDS HAS BEEN SUBMITTED TO THE
REGISTERED VOTERS WITHIN THE GEOGRAPHICAL LIMITS OF THE
AUTHORITY. THE COUNTY COMMISSIONERS OF THE COUNTY AND/OR THE
MAYOR AND CITY COUNCIL BY WHATEVER NAME KNOWN OF ANY
MUNICIPAL CORPORATION WITHIN ALLEGANY OR DORCHESTER COUNTY
AND IN THE TOWN OF MIDDLETOWN IN FREDERICK COUNTY, AND/OR
THE BOARD OF ELECTION SUPERVISORS OF ALLEGANY OR DORCHESTER
COUNTY AND FREDERICK COUNTY SHALL DO THE THINGS THAT ARE
NECESSARY AND PROPER TO SUBMIT THE QUESTION TO A REFERENDUM
OF THE VOTERS. PERSONS QUALIFIED TO VOTE AT THE REFERENDUM
SHALL BE THOSE WHO LIVE WITHIN THE GEOGRAPHICAL AREA OF THE
AUTHORITY AND WHO ARE DULY QUALIFIED AND REGISTERED VOTERS
FOR COUNTY AND STATE ELECTIONS IN THAT PART OF ALLEGANY
COUNTY OR DORCHESTER COUNTY, OR IN THE TOWN OF MIDDLETOWN IN
FREDERICK COUNTY. THE DATE FOR THE REFERENDUM SHALL BE SET
BY THE BOARD OF THE AUTHORITY AND EXCEPT AS THIS SUBTITLE
OTHERWISE PROVIDES, THE REFERENDUM SHALL BE CONDUCTED IN
ACCORDANCE WITH ARTICLE 33 OF THE CODE. THE BALLOTS AT THE
REFERENDUM SHALL HAVE PRINTED ON THEM THE WORDS "FOR THE