WILLIAM DONALD SCHAEFER, Governor Ch. 472

series. Subject to the limitations herein contained, said County
shall have and is hereby granted full and complete authority and
discretion to determine whether or not to issue the bonds
authorized hereby and to fix and determine, in said resolution,
the date, denomination or denominations, designation, form, and
tenor of any such bonds, the rate or rates of interest payable
thereon or the method of arriving at the same which may include a
variable rate, the date or dates upon which said bonds shall
respectively mature and be payable (which need not be in equal
principal amounts or in consecutive annual installments), the
manner of selling said bonds at private or public sale, and
generally all matters incident or necessary to the issuance,
sale, and delivery thereof and to prescribe sinking fund and debt
service reserve fund provisions, if any, relating to said 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 said County prior to the
issuance of the bonds, either in said resolution or in subsequent
resolutions. The principal of and the interest on said bonds may
be made payable in any lawful medium. Said resolution shall
determine the manner of executing and sealing said bonds, which
may be by facsimile and the place or places of payment of the
principal and interest thereon, which may be at any one or more
bank and trust companies within or without the State of Maryland.
In case any officer whose signature shall appear on any such bond
shall cease to be such officer, before the delivery thereof, such
signatures shall nevertheless be valid and sufficient for all
purposes the same as if he had remained in office until such
delivery. Said bonds shall be issued in registered form. Such
bonds shall not be subject to the provisions of §§ 9, 10, and 11
of Article 31 of the Annotated Code of Maryland, as amended from
time to time. Said bonds may be sold in such a manner and for
such price or prices as may be determined to be for the best
interests of the County, either at, above, or below the par value
of any such bonds. Upon delivery of any of said bonds to the
purchaser or purchasers thereof, payment therefore shall be made
to the Treasurer of Frederick County or such other official of
Frederick County as may be designated by resolution to receive
such payment.

In addition to making provisions for the above described
terms and conditions of any issue or series of bonds issued
hereunder, in the event the bonds are to be sold at public sale
the above mentioned resolution of the County shall likewise fix
the terms and conditions of the public sale of such issue or
series of bonds, and said resolution shall adopt a suitable form
of notice of sale, which shall outline said terms and conditions.
Any such notice shall be published at least twice in one or more
daily or weekly newspapers having a general circulation in the
County and may also be published in one or more journals having a
circulation primarily among banks and investment bankers. Any

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