J. MILLARD TAWES, Governor                       1625

Self-insurance Fund for the reconstruction, replacement and repair
of Commission owned public buildings and to invest said Funds
in Federal, State or County bonds or in any interest paying insti-
tution whose deposits, are regulated by the Federal Government
; AND TO DIRECT THE COMMISSION TO CARRY INSUR-
ANCE ON ANY BUILDING HAVING AN INSURABLE VALUE
TO THE EXTENT THAT SUCH VALUE EXCEEDS THE
AMOUNT OF THE SELF-INSURANCE FUND.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 11 of Chapter 780 of the Acts of 1959 be and it is
hereby repealed and re-enacted, with amendments to read as follows:

11. General powers.

The Commission has the right to exercise all powers and functions
granted to it in this subtitle. It has the right to use a common seal,
to sue and be sued and to do any and all other corporate acts for
the purpose of carrying out the provisions of this subtitle. It is
authorized to use park tax revenues to establish a Self-insurance
Fund to be used or expended thereafter only for the purpose of
paying for the costs of reconstructing, replacing or repairing build-
ings of the Commission damaged or destroyed by fire and other con-
tingencies. Such Fund shall be administered by the Commission
which shall have the authority to invest said Funds in Federal, State
or County bonds and any interest paying institution whose deposits
are regulated by the Federal Government provided said institution
shall provide collateral securities securing such deposits. THE COM-
MISSION IS DIRECTED, HOWEVER, TO CARRY INSURANCE
ON ANY BUILDING HAVING AN INSURABLE VALUE TO THE
EXTENT THAT SUCH VALUE EXCEEDS THE AMOUNT OF
THE SELF-INSURANCE FUND.

Sec. 2. And be it further enacted, That this Act is hereby declared
to be an emergency law and necessary for the immediate preserva-
tion of the public health and safety, and being passed upon yea and
nay vote supported by three-fifths of all the members elected to each
of the two houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved April 30, 1963.

CHAPTER 781
(House Bill 814)

AN ACT to add 11 new sections under the new subheading "Re-
development—Urban Renewal," to the Charter of the Town of
Mt. Rainier as said Charter is contained in the Code of Public
Local Laws of Prince George's County (1953 Edition, being Article
17 of the Code of Public Local Laws of Maryland), title "Prince
George's County," subtitle "Aberdeen," "MT. RAINIER," to au-
thorize and empower the Mayor and City Council of Mt. Rainier to
carry out urban renewal projects, the redevelopment, rehabilitation
of slum or blighted areas, including the acquisition of property for