1494 LAWS OF MARYLAND. [CH. 620

successive fiscal years, beginning with the year in which the
Recreation Board is established, funds derived therefrom to
be used in the development of playgrounds, playfields, and
other recreational facilities, including buildings and perma-
nent equipment relative thereto, within Prince George's Coun-
ty. Said bonds shall bear interest, payable semi-annually, at
a rate not exceeding four percent (4%) and shall mature
serially over a period of twenty-five (25) years from the date
of issue, the amount of maturities to be fixed by said County
Commissioners. All said bonds shall be issued and sold in
the manner prescribed by Sections 35 and 36 of Article 31 of
the Code of Public General Laws of Maryland (1939 Edition)
and all said bonds, and the interest payable thereon, in the
hands of the person or persons entitled thereto from time to
time shall be and remain exempt from taxation of every kind
and nature whatsoever by the State of Maryland and by any
county, municipality, or political subdivision of said State.

For the purposes of paying the principal and interest on
said bonds so long as any of them shall be outstanding, for
carrying out the recreation program, and for operating and
maintaining the recreational facilities under the jurisdiction
of the Board, the County Commissioners are further author-
ized to levy annually, at the time taxes are levied for general
County purposes, and to collect and pay over to said Board
a tax of not more than Five Cents (50) on each One Hundred
Dollars ($100. 00) of assessed valuation on all of the property
assessed; for County tax purposes. In the event, in any year,
said tax of Five Cents (50) shall be insufficient to provide
funds sufficient to pay the principal and interest maturities
of any of said bonds, the County Commissioners of Prince
George's County are directed to levy upon all taxable property
within the corporate limits of the County ad valorem taxes
in rate and amount sufficient to provide such funds.

SEC. 2. And be it further enacted, That, if any word,
phrase, clause, sentence, section, or other part or parts of
this Act shall be declared unconstitutional, such unconsti-
tutionality shall not invalidate the remaining parts of this
Act or of all other sections thereof.

SEC. 3. And be it further enacted, That Chapter 832 of the
Acts of the General Assembly of Maryland, passed at its
January Session in the Year 1947, be and the same is hereby
repealed.

SEC. 4. And 'be it father enacted, That this Act shall take
effect June 1, 1949.

Approved April 29, 1949.