1304                             LAWS OF MARYLAND                        CH. 646

by the municipality in connection with an urban renewal project,
as herein defined, shall be conclusively deemed to have been issued
for such purpose and such project shall be conclusively deemed to
have been planned, located and carried out in accordance with the
provisions of this article.

(g) Investments. All banks, trust companies, bankers, savings
banks and institutions, building and loan associations, savings and
loan associations, investment companies and other persons carrying
on a banking or investment business; all insurance companies,
insurance associations, and other persons carrying on an insurance
business; and all executors, administrators, curators, trustees, and
other fiduciaries, may legally invest any sinking funds, monies, or
other funds belonging to them or within their control in any bonds
or other obligations issued by the municipality pursuant to this
article, provided that such bonds and other obligations shall be
secured by an agreement between the issuer and the federal govern-
ment in which the issuer agrees to borrow from the federal govern-
ment and the federal government agrees to lend to the issuer, prior
to the maturity of such bonds or other obligations, monies in an
amount which (together with any other monies irrevocably com-
mitted to the payment of principal and interest on such bonds or
other obligations) will suffice to pay the principal of such bonds or
other obligations with interest to maturity thereon, which monies
under the terms of said agreement are required to be used for the
purpose of paying the principal of and the interest on such bonds or
other obligations at their maturity. Such bonds and other obligations
shall be authorized security for all public deposits. It is the purpose
of this section to authorize any persons, political subdivisions and
officers, public or private, to use any funds owned or controlled by
them for the purchase of any such bonds or other obligations.
Nothing contained in this section with regard to legal investments
shall be construed as relieving any duty of exercising reasonable
care in selecting securities.

63-43 SEPARABILITY

If any provision of this article, or the application thereof, to any
person or circumstances, is held invalid, the remainder of the article
and the application of such provision to persons or circumstances
other than those as to which it is held invalid, shall not be in
addition and supplemental to the powers conferred by any other law.

63-44 REVIEW AND APPROVAL

All plans, whether preliminary or final, prepared or presented
under the provisions of this article by the municipality known as
Riverdale shall not conflict with, and must conform to the master
plan for Prince George's County. This provision shall be construed
to mean that all urban renewal plans effecting a change in zoning
shall be reviewed by the Maryland-National Capital Park and Plan-
ning Commission, and any zoning amendments pursuant to this urban
renewal program must be approved by the District Council.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1968.

Approved May 7, 1968.