Section 1. Pursuant to the requirements of subsection (b) of section 20, act of June 22, 1964 (Sp.Sess. P.L.131, No.8), known as the "Project 70 Land Acquisition and Borrowing Act," the General Assembly hereby authorizes the City of Easton to sell and convey a certain tract of land situated in the City of Easton, County of Northampton and Commonwealth of Pennsylvania for and in consideration of the sum of $300.
Said land shall be free of restrictions on use and alienation prescribed by section 20 of the "Project 70 Land Acquisition and Borrowing Act," upon:
(1) the payment of said sum of $300 into the Project 70
Land Acquisition Sinking Fund; and
(2) the execution and filing of a document of release
citing such transfer and release of the land conveyed by the
City of Easton from the restrictions on use and alienation
prescribed by subsection (b) of section 20 of said act. The
document of release shall, upon such transfer, be prepared
and filed in the office of the recorder of deeds of the
county in which the said land is located.