DEPARTMENT OF PARKS. I 53 



include such portion of the sum of two hundred and fifty thou- 

 sand dollars, allowed to be expended by section four of this act, as 

 he may deem then required and necessary for the purposes for which 

 it is provided. As soon as practicable after receiving the certificate 

 from the said commissioner of the expenses of establishing the said 

 public work, as herein provided for, the County Treasurer of Kings 

 County shall issue and sell the bonds of the County of Kings for the 

 necessary amount specified in said certificate or certificates, bearing 

 interest payable half yearly at a rate not greater than four per centum 

 per annum. The bonds shall be denominated " Kings County Park 

 Bonds," and shall be numbered consecutively, and shall each be 

 made to secure the payment of the same amount of money, and none 

 of them shall have more than fifty years to run, and they shall be so 

 made and issued that after ten years from the time the same are issued, 

 they shall be made payable in annual installments as nearly equal as 

 practical, within the next fifty years next succeeding the date of the 

 issue thereof. The interest upon said bonds and the principal amount 

 secured thereby shall be raised by taxation in said county. For the pur- 

 pose of ascertaining how many of such bonds shall be made payable as 

 aforesaid, in any one year, such commissioner shall make a preliminary 

 estimate and statement of the probable amount that will be required 

 for the acquisition of lands for the purposes of this act, and for the 

 expenses of proceedings connected therewith as aforesaid ; and the 

 amount of bonds made payable in each year, as aforesaid, shall be 

 adjusted according to such preliminary estimate and statement. If 

 the amount required for such public work exceeds or falls below the 

 amount stated in such preliminary estimate and statement, the dif- 

 ference shall be adjusted by issuing more or less (as the case may 

 be) of such bonds which have the longest term to run. During the 

 year eighteen hundred and ninety-five, and in sufficient time to enable 

 said County Treasurer to issue and sell the bonds, such commissioner 

 shall make and file with the County Treasurer an estimate of the 

 entire amount of money required for such public work, in addition 

 to that already provided by the issue and sale of bonds as herein 

 provided, and thereupon and in the same year such County Treas- 

 urer shall issue and sell bonds sufficient to realize the amount of 

 money so estimated and stated ; and the money realized from the 

 issue and sale of such bonds shall be held by such treasurer until 

 paid to such commissioner, upon his requisition therefor, as in this 

 act provided. 



Section III. This act shall take effect immediately. 



