WILLIAM DONALD SCHAEFER, Governor                   Ch. 124

(3) Determine and specify:

(i) The date or dates of issue;

(ii) The date or dates and amount or amounts of
maturities, which need not be in equal principal amounts or
consecutive annual installments;

(iii) The rate or rates of interest payable on
the bonds, or the manner of determining the rate or rates of
interest, and the date or dates of payment of interest;

(iv) The tenor, form or forms, denomination or
denominations, manner of execution, and place or places of
payment of the principal of and interest on the bonds, which may
be at any bank or trust company within or without this State;

(v) Whether the bonds are to be issued in
coupon or registered form or both and whether provision is to be
made for the registration of the principal only of coupon bonds,
for the reconversion of fully registered bonds into coupon form,
and for the replacement of bonds that are mutilated, lost, or
destroyed;

(vi) The terms and conditions of the public
sale of the bonds;

(vii) The form of notice of sale, which shall
outline the terms and conditions of the sale;

(viii) The form of advertisement, which shall
be published at least once in a newspaper of general circulation
in Baltimore City and, also, at least once in a journal having a
circulation among banks and investment bankers, at least one
publication of which shall be made not less than 10 days before
the sale of bonds;

(ix) Whether all or any part of the bonds are
redeemable before maturity and, if so, the terms, conditions, and
prices of redemption; and

(x) Any other matter relating to the form,
terms, conditions, issuance, sale, and delivery of the bonds.

(B) (1) THE RESOLUTION MAY PROVIDE THAT THE SECRETARY MAY
POSTPONE THE TIME FOR RECEIPT OF PROPOSALS FOR THE BONDS WITHOUT
REPUBLISHING THE FORM OF ADVERTISEMENT FOR THE BONDS.

(2) (I) THE SECRETARY SHALL PROVIDE NOTICE OF THE NEW
DATE AND TIME OF SALE NOT LESS THAN 24 HOURS PRIOR TO THE TIME
PROPOSALS ARE TO BE SUBMITTED, WHICH DATE MAY NOT BE MORE THAN 30
DAYS AFTER THE ORIGINALLY SCHEDULED DATE OF SALE.

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