HARRY HUGHES, Governor

1755

form of the bonds, including any interest coupons to be attached
[thereto] TO THEM, and the manner of THEIR execution [of the
bonds, and]. THE COMMISSION shall fix the [denomination or]
denominations of the bonds and the [place or] places [of] FOR THE
payment of principal and interest, which may be at any bank or
trust company.

(3)   [In case any] IF AN officer whose signature, or
[a] facsimile, [of whose signature shall appear] APPEARS on any
bonds or coupons [shall cease] CEASES to be [such] AN officer
before the delivery of [such] THE bonds or [shall become such]
BECOMES ONE after the date of THEIR issue, [thereof, such] THE
signature, or [such] facsimile, [shall nevertheless be] IS valid
and sufficient for all purposes [the same is] AS if [he] THE
OFFICER had remained in office until [such] delivery or had held
[said] THE office on [said] THE date of issue.

(4)   [All] BETWEEN SUCCESSIVE HOLDERS, ALL bonds
issued under [the provisions of] this subtitle [shall have and
are hereby declared to have], as between successive holders, HAVE
all the qualities and incidents of negotiable instruments under
the negotiable instruments law of [the] THIS State [of Maryland].
[The] THE COMMISSION MAY ISSUE THE bonds [may be issued] in
coupon or in registered form, or both[, as the Commission may
determine, and provision]. PROVISION may be made for the
registration of any coupon bonds as to principal alone or 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 [such] THE bonds [shall] IS not [be] subject to
any limitations or conditions contained in any other law and the
Commission may sell [such] THE bonds in [such] THE manner, either
at public or private sale, and for [such] THE price[, as] it [may
determine] DETERMINES to be for the best interest of the District
and the County.

(5)   [Said] THE bonds shall be issued under the
signature and seal of the District and [shall be guaranteed as
to] THE COUNTY SHALL GUARANTEE THE payment of principal and
interest [by the County, which guarantee shall be endorsed on
each of said bonds in the following language] AS FOLLOWS: "The
payment of interest when due and the principal at maturity is
guaranteed by the County Commissioners of Washington County,
Maryland." [Such endorsement] THE GUARANTEE shall be ENDORSED AND
signed on each of [said] THE bonds by the chief executive officer
of the County, with the seal of the County affixed [thereto] TO
IT AND attested by the signature of the clerk of the County,
within [ten] 10 days after the bonds are presented by the
Commission to the County for [such] endorsement. At any time
[prior to] BEFORE the issuance of [any such] bonds the County
[may], in addition to sums appropriated under Section 28-3(b) of
this subtitle, MAY advance to the Commission [such sums as may
be] MONEY necessary to cover the expense of issuance of [such]
THE bonds and the expenses incurred under Section 28-6 of this
subtitle, which shall be treated and repaid as part of the cost
of the project or projects financed with the proceeds of [any
such] THE bonds.