Said Bellows Falls Village corporation is hereby authorized and empowered to acquire by gift or purchase land within or without the corporate limits of said Village corporation to be held by it and used as a public park and public playground. Said corporation for the purpose of purchasing land for the objects aforesaid and to pay for the same and for the improvement and maintenance thereof, is hereby authorized to levy and collect, from year to year, such taxes upon the rateable estate of said corporation as may be necessary, to borrow money, to pay such purchase price, and to issue its bonds or notes for such purpose, provided that all taxes laid and all loans authorized shall be only by virtue of a majority vote of the voters of said corporation present and voting at a meeting duly warned and held for that purpose.