J. MILLARD TAWES, Governor                       1053

incurred pursuant to the authority of this subsection 38-3 (b) shall
not exceed two million nine hundred thousand dollars ($2,900,000.00)
and (ii) that the borrowing authority contained in this subsection
38-3 (b) shall be exercised only if the Board of County Commissioners
for Prince George's County shall certify by resolution (which may
be the resolution authorizing the borrowing) that the United States
of America (or any agency or instrumentality thereof) has delivered
to the County a written commitment to provide the share of the
United States of America (or any agency or instrumentality thereof)
in the cost of any land acquisition being financed from the proceeds
of such borrowing.

38-4.

Subject to the foregoing limitations, the County shall, before bor-
rowing any money or issuing any bonds pursuant to the authority
of this subtitle, adopt a resolution describing the acquisition of land
in Prince George's County, Maryland or interests in land which
constitute or may constitute that portion of the George Washington
Memorial Parkway, including those lands and park areas shown
within the project taking lines for the said parkway, approved by
the National Capital Planning Commission , OR AS OTHERWISE
DEFINED IN SECTION 38-1, extending in Prince George's County
from Fort Washington to the southeasterly boundary line of the
District of Columbia for which said borrowing or indebtedness
is intended, the amount needed for said purposes, and determin-
ing to borrow money or incur indebtedness for all or a part of the
amount so needed, and to issue its bonds to evidence such borrowing
or indebtedness. Each series or group of said bonds shall be issued
to mature in annual serial installments, the last installment to mature
not later than thirty (30) years from the date of issue of said group
or series. In said resolution, said County shall fix the annual serial
maturity plan with respect to the bonds to be issued thereunder and
said annual serial maturities shall be so fixed as to conform to the
general financial plans of the County but need not be in equal
par amounts or in consecutive annual installments. Subject to the
limitations herein contained, said County shall have and is hereby
granted full and complete authority and discretion to fix and deter-
mine, in said resolution, the form and tenor of any such bonds, the
rate or rates of interest payable thereon, or the method of arriving
at the same, the date or dates upon which said bonds shall respec-
tively mature and be payable, the manner of selling said bonds at
public sale, and generally all matters incident or necessary to the
issuance, sale and delivery thereof. The bonds of each such issue
shall be dated, shall bear interest at such rate or rates not exceeding
six per centum (6%) per annum, payable semi-annually, shall mature
at such time or times as may be determined by said resolution, and
said bonds may, by said resolution, be made redeemable before
maturity, at the option of the County, at such price or prices and
under such terms and conditions as may be fixed by said County,
either in said resolution or in subsequent resolutions, but prior to
the issuance of said bonds. The principal of and the interest of said
bonds may be made payable in any lawful medium. Said resolution
shall determine the form of said bonds, including any interest coupons
to be attached thereto, and the manner of executing and sealing the
same, which may be by facsimile, and shall fix the denomination or
denominations of the bonds and the place or places of payment of