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Session Laws, 1947 Special Session
Volume 404, Page 140   View pdf image (33K)
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140 LAWS OF MARYLAND. [CH. 57

Laws of Maryland of 1943, with respect to the acquisition
of park lands in that portion of the Maryland-Washington
Metropolitan District lying within Montgomery County, for
the purpose of obtaining the benefits of sub-sections (a)
and (b) of Section 1 of Public Law No. 284 of the Congress
of the United States, 71st Session, said Commission shall
also be, and hereby is, authorized and empowered to exercise
said powers so conferred with respect to the acquisition of
the additional park lands in that portion of said Maryland-
Washington Metropolitan District lying within Montgomery
County referred to in said Act of Congress, as amended by
Public Law No. 699 of the 79th Congress, approved August
8, 1946, it being the intent and purpose of this section to
provide that, in so far as the acquisition of park lands in
that portion of the Maryland-Washington Metropolitan Dis-
trict lying within Montgomery County only is concerned,
the Maryland-National Capital Park and Planning Commis-
sion shall have the power and authority to avail itself of
the financial benefits of said Public Law No. 284, not only
with respect to the park lands listed in said Act of Con-
gress but, also, with respect to the additional park lands
listed in said Public Law No. 699.

SEC. 2. And be it further enacted, that in order to enable
The Maryland-National Capital Park and Planning Com-
mission to finance the acquisition of additional park lands
in that portion of the Maryland-Washington Metropolitan
District lying within Montgomery County, the limitation
contained in Section VI of Chapter 1008 of the Laws of
Maryland of 1943 upon the power of said Commission to
incur indebtedness with respect to the purchase of park
lands in that portion of the Maryland-Washington Metro-
politan District lying within Montgomery County is hereby
increased from $1, 200, 000. 00 to $2, 000, 000. 00 so that here-
after there may be outstanding bonds and notes of said
Commission authorized by said Section VI for the purpose
of obtaining the benefits of said Public Law No. 284, as
amended, in a par amount not in excess of |2, 000, 000. 00
with respect to the acquisition of park lands in Montgomery
County. Any such bonds or notes hereafter issued in excess
of the above described limitation now appearing in said
Section VI of Chapter 1008 of the Laws of Maryland of
1943 shall be issued in all respects in the manner prescribed
by said Section VI; shall be issued upon the full faith and
credit of The Maryland-National Capital Park and Planning
Commission and upon the full faith and credit of the County
Commissioners of Montgomery County, shall be guaranteed
as to payment of principal and interest by said County Com-
missioners of Montgomery County and shall be payable as
to principal and interest pari-passu with any other bonds or

 

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Session Laws, 1947 Special Session
Volume 404, Page 140   View pdf image (33K)
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