1760 LAWS OF MARYLAND. [CH. 921

delivered to the National Capital Park and Planning Commis-
sion in part payment for any park lands acquired under Para-
graphs or Sub-sections (a) and (b) of Section 1 of Public Act
284 of the 71st Congress and pursuant to any contracts under
which the said National Capital Park and Planning Commis-
sion may offer said bonds or notes for sale to the public at a
fixed time after such issue and delivery, then and in that event
The Maryland-National Capital Park and Planning Commis-
sion is authorized and empowered, if permitted by said con-
tracts, to redeem or re-purchase said bonds or notes at not ex-
ceeding the par value thereof plus accrued interest and to pro-
vide funds for such redemption or re-purchase by the issue and
sale from time to time of refunding bonds in the manner and
upon the terms and conditions hereinafter set forth.

Said bonds may be issued in units or series corresponding in
par amounts to the bonds or notes to be re-purchased or
refunded and bearing the same numbers and series letters as
said bonds or notes to be refunded, or an issue of said bonds
may be made in an amount sufficient to provide for the refund-
ing or re-purchase of several series of bonds or notes initially
issued to the National Capital Park and Planning Commission,
provided, however, that in no event shall bonds or notes
initially issued to the National Capital Park and Planning
Commission on account of lands purchased in Prince George's
County and bonds and notes initially issued to said Commis-
sion on account of lands purchased in Montgomery County be
refunded or re-purchased through the floatation of a single
issue of bonds authorized in the next preceding paragraph
hereof.

Said bonds so authorized hereby may be identified as refund-
ing bonds or may be designated in any other appropriate
fashion, and The Maryland-National Capital Park and Plan-
ning Commission shall have full and complete power and
authority to determine the terms and conditions of said bonds
and the manner, method and place of the sale thereof, subject
only to the condition that in no event shall the maximum par
amount of said bonds outstanding at any one time, together
with all bonds or notes initially issued to the National Capital
Park and Planning Commission and still held by said Commis-
sion, exceed f 1, 200, 000. 00 par amount with respect to bonds or
notes issued against lands purchased in Montgomery County
of $800, 000. 00 par amount with respect to bonds or notes issued
against lands purchased in Prince George's County, nor shall
any issue of said bonds mature later than sixty (60) years
from the earliest of the respective dates of issue of the cor-
responding series of bonds or notes initially issued to the
National Capital Park and Planning Commission in substitu-