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Session Laws, 1939
Volume 581, Page 1378   View pdf image (33K)
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1378 LAWS OF MARYLAND. [CH. 658

turities, and so long as any of said bonds shall be outstanding
and unpaid, the County Commissioners are hereby authorized
and directed to levy against all the property within that por-
tion of the Maryland-Washington Metropolitan District within
Montgomery County assessed for the purposes of County taxa-
tion an annual tax in a sum, sufficient to pay the interest on
said bonds and to pay the principal of the said bonds upon
maturity. The said tax shall be levied and collected, and have
the same priority rights, bear the same interest and penalties
and in every respect be treated as county taxes. The tax so
levied shall be collected by the County Commissioners of
Montgomery County, and every sixty; (60) days they shall
remit the whole amount of the tax so collected to the Com-
mission.

The Commission is hereby authorized and empowered to
enter into any contract or commitment with the United States
or any bureau or agency thereof or the National Capital Park
and Planning Commission for the purpose of securing any
advance authorized under the provisions of Paragraphs or sub-
sections (a) and (b) of Section 1 of Public Act 284 of the
71st Congress of the United States in any amount not exceed-
ing $1, 200, 000. 00, on account of lands to be acquired within
Montgomery County, and is authorized to pledge the repaying
of the same within the time required by said Act; and in the
event said Commission obligates itself for any part of the funds
authorized to be advanced by the said Act, it is hereby directed
that before the time of payment it shall issue and sell the bonds
hereinbefore authorized in an amount sufficient to pay the
same.

Said Commission may, with the consent of the County Com
missioners of Prince George's County, apply for under Para-
graphs or sub-sections (a) and (b) of Section 1 of Public Act
284 such additional sum or sums not to exceed $800, 000. 00 as
may be legally allotted or can be advanced for the purpose of
purchase of park land within said county and if such funds are
advanced to or for said Commission it may enter into the same
commitment or contract as to funds for park purchases in
Prince George's County, and is authorized and directed to
repay the same by the issuance and sale of bonds in the same
manner as herein provided for as to Montgomery County, in
which event all of the provisions of this section and Section 8
shall apply equally to both counties as to the respective
amounts advanced for each county. All or any of the bonds
issued under this Act shall be guaranteed by the County Com-
missioners of Montgomery County, as herein provided for, in
so far as the proceeds thereof are required for the repayment of
advances by the Federal Government for the purchase of park
land within Montgomery County, and by the County Commis-


 

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Session Laws, 1939
Volume 581, Page 1378   View pdf image (33K)
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