ALBERT C. RITCHIE, GOVERNOR. 105

centum of the assessed valuation of all real and personal prop-
erty in the town appearing on the books of the Treasurer of
the town; and to issue bonds or certificates of indebtedness
therefor, which shall be payable on or before ten years from
the date of issuance, with interest not to exceed the rate of six
per centum, payable annually, unless of shorter duration, then
at the maturity of said obligation. The funds derived from the
sale of said bonds or certificates of indebtedness shall be de-
posited by the Mayor and Common Council of Mount Rainier,
Maryland, in some safe banking institution in the State of
Maryland, to be determined by them, and to be subject to the
check of the town clerk and treasurer only when counter-
signed by the Mayor and two members of the Common Coun-
cil. Out of said funds shall be paid only the proper expenses
for the negotiation, sale and liquidation of said bonds or cer-
tificates of indebtedness and for the planning and construc-
tion of the roadways, alleys, curbs, sidewalks and gutters as
provided for herein.

SEC. 4. And be it further enacted. That the Mayor and
Common Council of Mount Rainier, Maryland, be and they
are hereby authorized to do all acts not specifically mentioned
herein which may be necessary to issue and sell said bonds or
certificates of indebtedness, provide for the payment thereof,
and the interest thereon, and to arrange for and construct the
roadways, alleys, curbs, sidewalks and gutters as provided for
herein. The bonds or certificates of indebtedness hereunder
shall be the direct obligation of the Mayor and Common Coun-
cil of Mount Rainier, Maryland, and the said corporation shall
be responsible therefor.

SEC. 5. And be it further enacted, That the Mayor and
Common Council of Mount Rainier, Maryland, shall have
power to assess against the abutting property and collect from
the owners thereof the cost of roadways, alleys, curbs, side-
walks and gutters, assessment being in proportion to the num-
ber of assessable front feet owned, abutting on the streets
where same are constructed or are about to be constructed;
provided that when property fronts or abuts on two or more
streets, where such improvements are made, or about to be
made, the abutting front feet shall be computed for the pur-
pose of assessment hereunder as one-half of the total front feet
. abutting on said improvements.