1672                           LAWS OF MARYLAND                      [CH. 796

so elect in said resolution, publish a brief summary of said notice
which need not contain all of the information required for said notice
of sale but which shall state where interested parties may obtain a
complete copy thereof.

Sec. 4. And be it further enacted, That the money so borrowed for
the land described in said resolution above required, in evidence of
which any such bonds shall be issued, shall be used exclusively for
the purchase of such land which in turn shall be used exclusively for
public parks, playgrounds or other public recreational activities. In
the event the amounts so borrowed shall prove inadequate for the
purchase of any such land, the County may issue additional bonds
within the limitations hereof for the purpose of evidencing the bor-
rowing of additional funds, provided the resolution for authorizing
the additional bonds shall so recite, but if the funds derived from the
sale of any issue of said bonds shall exceed the amount needed to
purchase the land described in said resolution, the excess funds so
borrowed and not expended shall be applied by said County in pay-
ment of the next principal maturity of the bonds so issued or to the
redemption of any part of said bonds, if the same shall have been
made redeemable, unless said County shall adopt a resolution allocat-
ing said excess funds to some other purchase of land for such recrea-
tional purposes.

Sec. 5. And be it further enacted, That the bonds hereby author-
ized shall constitute, and they shall so recite, an irrevocable pledge
of the full faith and credit and unlimited taxing power of the County
to the payment of the maturing principal and interest of such bonds
as and when the same respectively mature. In each and every fiscal
year that any of said bonds are outstanding, the County shall levy
or cause to be levied ad valorem taxes upon all the assessable property
within the corporate limits of the County in rate and amount suffi-
cient to provide for the payment, when due, of the interest and prin-
cipal of all said bonds maturing in each such fiscal year and in the
event the proceeds from the taxes so levied in any such fiscal year
shall prove inadequate for the above purposes, additional taxes shall
be levied in the succeeding fiscal year to make up any such deficiency.
The County may apply to the payment of principal and interest of
any bonds issued hereunder any funds received by it from the State
of Maryland, the United States of America, any agency or instru-
mentality thereof, or from any other source, if such funds are granted
for the purpose of assisting the County in the purchase of land for
recreational sources and to the extent of any such funds received or
receivable in any fiscal year the taxes hereby required to be levied
may be reduced proportionately.

Sec. 6. And be it further enacted, That the County is hereby auth-
orized and empowered, at any time and from time to time to issue
its bonds in the manner hereinabove described for the purpose of
refunding, upon purchase or redemption, any bonds issued hereunder.
The validity of any such refunding bonds shall in no way be de-
pendent upon or related to the validity or invalidity of the obligations
so refunded. The powers herein granted with respect to the issuance
of bonds, and also the limitations herein on such powers shall be
applicable to the issuance of refunding bonds. Said refunding bonds