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Session Laws, 1947 Special Session
Volume 404, Page 138   View pdf image (33K)
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138 LAWS OF MARYLAND. [CH. 56

County is authorized to levy by Section VI of Chapter 1008
of the Laws of Maryland of 1943, said County Commissioners
of Prince George's County is hereby required and directed to
levy, in each fiscal year beginning after January 1, 1948, at
least five cents (5c) on each $100. 00 of assessed value of all
property subject to assessment and taxation by said County
Commissioners within that portion of the Maryland-Washing-
ton Metropolitan District lying within Prince George's Coun-
ty, said tax to be levied and paid over to The Maryland-
National Capital Park and Planning Commission in the
manner prescribed by said Section VII of Chapter 1008 of the
Laws of Maryland of 1943. The proceeds of the collection
of said tax shall be applied primarily to the payment of the
principal and interest of any bonds or notes heretofore or
hereafter issued by The Maryland-National Capital Park and
Planning Commission for the acquisition of park lands in
that portion of the Maryand-Washington Metropolitan Dis-
trict lying within Prince George's County pursuant to the
authority of said Chapter 1008 of the Laws of Maryland of
1943 and within the limitations on indebtedness prescribed
hereby, but said proceeds shall also be paid to said Commis-
sion notwithstanding the fact that no principal or interest
payments may be due with respect to any such bonds or
notes and notwithstanding the fact that no such bonds or
notes may be issued or outstanding in any one fiscal year, it
being the intent hereof to provide The Maryland-National
Capital Park and Planning Commission with funds to finance
the acquisition of park lands within that portion of the Mary-
land-Washington Metropolitan District lying within Prince
George's County either from current revenues or by the
issuance of bonds or notes, and furthermore, to provide said
Commission with funds necessary for the maintenance, opera-
tion and development of park land so acquired.

SEC. 5. And be it further enacted, That, except as other-
wise provided herein, all Acts and parts of Act, laws and
parts of laws, ordinances and parts of ordinances, incon-
sistent herewith or contrary hereto, be and the same are
hereby repealed to the extent of such inconsistency.

SEC. 6. And be it further enacted. That nothing herein
contained shall be construed to affect or impair the validity
or obligation of any bonds, notes or certificates heretofore
issued and sold by the Commission under any previous statute
amended or repealed by this Act, but all such bonds, notes
or certificates are hereby ratified and confirmed as the valid
and binding obligations of the Commission in accordance
with the terms thereof, issued upon the full faith and credit
of said Commission and of the county or counties guaran-
teeing the same.

 

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Session Laws, 1947 Special Session
Volume 404, Page 138   View pdf image (33K)
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