1956 LAWS OF MARYLAND. [CH. 1008

as herein provided for, insofar as the proceeds thereof are
required for the repayment of advances by the Federal Gov-
ernment for the purchase of park land within Montgomery
County, and by the County Commissioners of Prince George's
County in so far as the proceeds thereof are required for the
re-payment of advances by the Federal Government for the
purchase of park land in Prince George's County.

In the event any of the bonds or notes authorized to be issued
by this or the next preceding section shall be issued and de-
livered to the National Capital Park and Planning Commis-
sion in part payment for any park lands acquired under
Paragraphs 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
Commission 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 Plan-
ning Commission is authorized and empowered, if permitted
by said contracts, to redeem or re-purchase said bonds or
notes at not exceeding the par value thereof plus accrued in-
terest and to provide 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 refunding 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 pur-
chased in Prince George's County and bonds and notes initial-
ly issued to said Commission 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 re-
funding 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, sub-
ject only to the condition that in no event shall the maximum
par amount of said bonds outstanding at any one time, to-
gether with all bonds or notes initially issued to the National
Capital Park and Planning Commission and still held by said