J. MILLARD TAWES, GOVERNOR                          1233

Council. Likewise, bonds or notes issued hereunder in connection
with the acquisition of park lands in Prince George's County shall
be similarly guaranteed by the County Commissioners of Prince
George's County. The form of the guarantee shall be: the payment of
interest when due and of the principal on maturity is guaranteed by
....................County, Maryland

(f)  Limitation on authority to issue.—The Commission is auth-
orized to issue its bonds, from time to time, not exceeding one per
centum (1%) of the assessed value of the property assessed for Coun-
ty taxes in the Metropolitan District of Prince George's and Mont-
gomery counties, as to the aggregate of all bonds outstanding at
any one time, when necessary to enable the Commission to secure
any sums of money which are now available or which may here-
after become available to it for the purchase of park lands within
Montgomery and Prince George's counties under the terms and pro-
visions of said Public Act 284, and any amendments thereto, and
to do any and all things required by said Act or by the National
Capital Planning Commission or other Federal agency in connection
with obtaining said fund or funds; and to enter into any contract
with any Federal agency for the use and expenditure of said moneys
and the repayment of the same where repayment is required. The
bonds shall be of the same tenor as the bonds heretofore issued by
the Commission with a maturity not exceeding forty (40) years
and an interest rate not exceeding five percentum (5%) per annum.
The bonds shall be guaranteed by Montgomery County and the
County Commissioners of Prince George's County in the manner
and form and under the terms and conditions of the provisions of
this sub-title hereinabove. The Commission shall expend or dis-
burse the proceeds of said bonds or any fund or funds received by
reason of the issuance of said bonds for the acquisition of park land
within the two counties in the proportion and manner now required
under the terms of said Act of Congress or any contract or agree-
ment made pursuant thereto.

(g)  Power of acquisition of additional park lands approved by
Congress.—Whenever the Commission shall elect to exercise the
powers conferred upon it with the respect to acquisition of park
lands in the Metropolitan District for the purpose of obtaining the
benefits of Sub-sections (a) and (b) of Section 1 of said Public Law
284, as amended, the Commission is authorized and empowered to
exercise these powers so conferred with respect to the acquisition of
the additional park lands in the Metropolitan District referred to in
said Public Law 284, as amended by Public Law No. 699 of the 79th
Congress, approved August 8, 1946. It is the intent and purpose of
this section to provide that insofar as concerns the acquisition of
park lands in the Metropolitan District, the Commission has the
power and authority to avail itself of the financial benefits of said
Public Law No. 284, not only with respect to the park lands listed
in said Act of Congress but, also, with respect to the additional park
lands listed in said Public Law No. 699.

45. Other Authority of Commission to Issue Serial Bonds.

(a) Authority.—For the purpose of paying for lands or other
property within the District acquired or to be acquired by the Com-
mission, whether by condemnation or purchase, for parks, park-