HERBERT R. O'CONOR, GOVERNOR. 1377

proceeds of the sale of bonds issued under this section shall
be expended in that portion of each county within the district
in such proportion as the assessable basis of such portion of
either county bears to the assessable basis of the whole of
said district; and, provided further, that in the event that
said seven (7¢) tax is levied and collected only through Mont-
gomery County the proceeds of the sale of bonds issued under
this section shall be expended within that portion of the dis-
trict within Montgomery County and upon the recommenda-
tion of the members of the Commission from Montgomery
County; and provided further, that for the purpose of com-
plying with the provisions of Paragraphs or sub-sections (a)
and (b) of Sec. 1 of the Act of Congress of the United States,
known as Public Act 284 of the 71st Congress, entitled "An
Act for the acquisition, establishment, and development of the
George Washington Memorial Parkway along the Potomac
from Mount Vernon and Fort Washington to the Great Falls,
and to provide for the acquisition of lands in the District of
Columbia and the States of Maryland and Virginia requisite to
the comprehensive park, parkway, and playground system of
the National Capital", the Commission may, at its discretion,
issue serial bonds to an amount not exceeding $1, 200, 000. 00, on
account of lands to be acquired within Montgomery County.
Such bonds, if and when issued, shall be of such denominations
and at such an interest rate not exceeding five per cent, per an-
num, and of such date as the Commission may within its dis-
cretion determine, and shall mature in not more than sixty
(60) years from date. Such bonds shall be guaranteed by
Montgomery County and endorsed by the President and Clerk
of the Board of County Commissioners of Montgomery County
in the manner provided above in this section, and shall be
sold under such rules and regulations as the Commission may
determine, and the proceeds of such sale shall be used for the
purpose of repaying or retiring the obligations of the Com-
mission under the provisions of said Public Act 284, on ac-
count of lands to be acquired within Montgomery County, but
no purchaser of said bonds or holder thereof shall be re-
quired to see to the application of the proceeds. Provided, how-
ever, that in no event shall the total amount of bonds issued
under the provisions of this section exceed $1, 200, 000. 00, on
account of lands to be acquired within Montgomery County, or
the sum of $800, 000. 00 on account of lands to be acquired with-
in Prince George's County.

9. (593) (728) Immediately upon the sale of any bonds,
issued under the preceding section, the Commission is directed
to certify to the County Commissioners of Montgomery County
the amount of bonds so issued, the rate of interest and ma-

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