MARVIN MANDEL, Governor

3721

(f)      Limitation on authority to issue. The
Commission [is authorized to] MAY issue its bonds, from
time to time, not exceeding one [per centum (1%) ] PERCENT
of the assessed value of the property assessed for County
taxes in the Metropolitan District of Prince George's and
Montgomery 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 hereafter become] available to it
for the purchase of park lands within Montgomery and
Prince George's Counties under the terms and provisions
of [said] Public [Act] LAW 284, and any amendments
thereto, and [to] do any and all things required by
[said] THAT Act or by the National Capital Planning
Commission or other federal agency in connection with
obtaining [said] THE fund or funds; and [to] enter into
any contract with any federal agency for the use and
expenditure of [said] THE 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)] 40
years and an interest rate not exceeding five [per centum
(5%) per annum] PERCENT A YEAR. 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 [subheading] TITLE hereinabove. The
Commission shall expend or disburse the proceeds of
[said] THE bonds or any fund or funds received by reason
of the issuance of [said] THE bonds for the acquisition
of park land within the two counties in the proportion
and manner now required under the terms of [said] THE Act
of Congress or any contract or agreement made pursuant
thereto.

(g)    Power of acquisition of additional park lands
approved by Congress. [Whenever] IF the Commission [shall
elect] ELECTS 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 Subsections (a) and (b) of Section 1 of
[said] Public Law 284, as amended, the Commission [is
authorized and empowered to] MAY 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] MAY avail itself of the
financial benefits of [said] Public Law No. 284, not only
with respect to the park lands listed in [said] THE Act
of Congress but[,] also[,] with respect to the additional