one time or from time to time, in an amount not exceeding, in the aggregate,
$90,000,000 and to evidence such borrowing by the issuance and sale upon its full
faith and credit of general obligation bonds in like par amount, which may be issued
at one time or from time to time, in one or more groups or series, as the County may
determine.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds shall be issued
pursuant to a resolution of the County, which shall describe generally the public
facilities for which the proceeds of the bond sale are intended and the amount needed
for those purposes. The County shall have and is hereby granted full and complete
authority and discretion in the 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, which may include a variable rate; the date or
dates and amount or amounts of maturity, which need not be in equal par amounts or
in consecutive annual installments, provided only that no bond of any issue shall
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 interests of Frederick County; the manner of executing
and sealing the bonds, which may be by facsimile; the terms and conditions, if any,
under which bonds may be tendered for payment or purchase prior to their stated
maturity; the terms or conditions, if any, under which bonds may or shall be redeemed
prior to their stated maturity; 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; covenants relating to compliance with applicable
requirements of federal income tax law, including covenants regarding the. payment of
rebate or penalties in lieu of rebate; covenants relating to compliance with applicable
requirements of federal or state .securities laws: and generally all matters incident to
the terms, conditions, issuance, sale, and delivery thereof.

The County may enter into agreements with agents, banks, fiduciaries,
insurers, or others for the purpose of enhancing the marketability of any security for
the bonds and for the purpose of securing any tender option that may be granted to
holders of the bonds.

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 had remained in
office until such delivery. The bonds and the issuance and sale thereof shall be exempt
from the provisions of Sections 2C, 9, 10, and 11 of Article 31 of the Annotated Code of
Maryland.

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.