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Session Laws, 1912
Volume 370, Page 816   View pdf image
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816 LAWS OF MARYLAND. [Ch. 561]

struction of such district or joint district water mains or sewers,
may be divided into instalments, and when so divided shall not
be in less than three, nor more than seven, equal parts, as may
be provided by order of the County Commissioners or in the
contract for such work, payable and collectible as follows: The
first instalment shall become due and payable thirty days after
notice of the issuance thereof, without interest; the second
instalment shall become due and payable one year after such
notice; the third instalment, two years; the fourth instalment,
three years; the fifth instalment, four years; the sixth instal-
ment, five years; the seventh instalment, six years; after such
notice; provided, however, that the owner, or any person hav-
ing ail interest in the property charged with the tax bills may
pay the same in full at any time within thirty days after notice
as aforesaid, without interest, and such owner or person having
an interest may pay such tax bills in full at any time by paying
interest thereon as follows: If paid at or before maturity and
more than thirty days after notice, as aforesaid, at the rate
of six per cent, per annum from the date of notice to the date
of payment; if paid after maturity, at the rate of six per
cent, per annum from date of notice to date of maturity and at
the rate of eight per cent, per annum from date of maturity to
date of payment; all interest shall be payable annually from
date of notice of the issuance of tax bills. If any instalment
of any such special tax bills, or any interest on any instalment,
be not paid when due, then, at the option of the holder thereof,
all remaining instalments shall become due and collectible,
together with interest thereon as aforesaid. Suits may be
brought to enforce the payment of such special tax bill, or any
instalment or instalments thereof, with any interest due on any
instalment, in the manner herein provided for the bringing of
such suits on other special tax bills.

Whenever any special tax bill issued heretofore, or hereafter
to be issued, shall be paid, it shall be entered satisfied on the
register and plats in the treasurer's office, and the lien of any
bill so issued that is not entered satisfied within two years after
its maturity, unless proceedings in law shall have been com-
menced to collect the same within that time, and shall still be
pending, shall be destroyed and of no effect against the land
charged therewith; provided, however, that when bills are not
paid in instalments, the lien thereof shall terminate within two
years after their date, unless such proceeding shall have been
commenced within that time and be still pending.

Special tax bills and the Hens thereof shall be assignable.
Every transfer of special tax bills shall be registered in the

 

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Session Laws, 1912
Volume 370, Page 816   View pdf image
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