APPENDIX B 



AN ACT making provision for issuing bonds to the amount of not to 

 exceed fifteen million dollars for the extension and improvement of existing 

 state parks and the establishment of new state parks and parkways in order 

 to create a comprehensive and unified state park system for the promotion of 

 the recreation, instruction and health of the people, and providing for a sub- 

 mission of the same to the people to be voted upon at the general election to 

 be held in the year nineteen hundred and twenty-three. 



The People rf the State of New York, represented in Senate and Assembly, do 

 enact as follows.- 



Section I. — There shall be issued, in the manner and at the times hereinafter 

 recited, bonds of the state in an amount not to exceed fifteen million dollars, which 

 bonds shall be sold by the state and the proceeds thereof paid into the state treasury, 

 and so much thereof as may be necessary expended for the acquisition and improve- 

 ment of lands for state park purposes and the establishment of a unified state park 

 system as hereinafter provided Such bonds when issued shall be exempt from 

 taxation. 



Section II. — The comptroller is hereby directed to cause to be prepared the 

 bonds of this state to an amount not to exceed $15,000,000, such bonds to bear interest 

 at the rate of not in excess of five per centum (S%) per annum, which interest shall 

 be payable semi-annually in the city of New York. Such bonds, or such portion 

 thereof as may be issued, shall be serial bonds payable in equal annual instalments, 

 the first of which shall be payable one year after the date of issue and the last of 

 which shall be payable fifty years after the contracting of the debt. Such bonds 

 shall be sold for not less than par. The comptroller is hereby charged with the 

 duty of selling such bonds to the highest bidder after advertising for a period of 

 twenty consecutive days, Sundays excepted, in at least two daily newspapers printed 

 in the city of New York and one in the city of Albany. Advertisements shall contain 

 a provision to the effect that the comptroller, in his discretion, may reject any or all 

 bids made in pursuance of such advertisements, and, in the event of such rejection, 

 the comptroller is authorized to re-advertise for bids in the form and manner above 

 described as many times as in his judgment may be necessary to effect a satisfactory 

 sale. Said bonds shall be sold in such lots and at such times as may be required for 

 the purpose of making partial or final payments in accordance with the provisions 

 of this act. The principal and interest on such bonds as the same accrue, shall be 

 paid out of appropriations made therefor pursuant to law. 



Section III. — The proceeds of such bonds, after appropriation or appropriations 

 therefrom by the legislature, shall be applicable to the acquisition of lands for state 

 park purposes within the state of New York and to the making of permanent im- 

 provements thereon as follows, provided that no part of the sum set aside for the 

 State Forest Preserve shall bel used for any other purpose than the acquisition of 

 lands within the forest preserve counties, which lands if now owned by the state 

 under existing law, would be part of the Forest Preserve : 



For the State Forest Preserve $5,000,000 



For the Palisades Interstate Park 3,500,000 



For the Allegany State Park 2,000,000 



For the New York State Reservation at Niagara 1,000,000 



For the Letchworth Park 500,000 



For the Watkins Glen and Enfield Falls Parks and for other parks and 



parkways in the Finger Lakes region 250,000 



For parkway connections between the Bronx River Parkway and the bridge 



from Peekskill to Bear Mountain in Westchester County 1,000,000 



For the extension and development of the Roosevelt Memorial Park as a 



state park and for a parkwaly connection between this park and the 



City of New York 1,000,000 



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