94 LAWS OF MARYLAND. [Ch. 40]

receipts from water rents shall be set aside annually for said
sinking fund after the date of issue of said bonds, until said
sinking fund, together with the accumulated interest thereon,
shall be sufficient to redeem said bonds; and the said The
Mayor and Aldermen of Frederick is further authorized and
empowered to pass all ordinances and do all things necessary
for the issuance of said bonds and their offering for sale in
accordance with the provisions and conditions contained in this
act.

SEC. 5. Be it enacted. That this act shall take effect from
the date of its passage.

Approved March 14, 1912.

CHAPTER 40.

Ax ACT to repeal and re-enact section 16 of Chapter 65 of
the Acts of the General Assembly of Maryland of 1904,
entitled "An Act to repeal and re-enact section 16 of Chap-
ter 78 of the Acts of the General Assembly of 1898,"
entitled "An Act to repeal and re-enact with amendments
Chapter 621 of the Acts of the General Assembly of 1894,"
entitled "An Act to incorporate the Town of Kensington, in
Montgomery county, Maryland."

SECTION 1. Be it enacted by the General Assembly of
Maryland, That section 16 of Chapter 65 of the Acts of the
General Assembly of Maryland of 1904, entitled "An Act to
repeal and re-enact section 16 of Chapter 78 of the Acts of the
General Assembly of 1898," entitled "An Act to repeal and
re-enact with amendments Chapter 621 of the Acts of the Gen-
eral Assembly of 1894," entitled "An Act to incorporate the
Town of Kensington, in Montgomery county, Maryland," be
and the same is hereby repealed and re-enacted so as to read
as follows:

SECTION 16. On or before the first day of June, 1904, and
each third year thereafter, the council shall appoint three
assessors, free holders of said town, who shall, under the direc-
tion of said council make an assessment of all property, real,
personal and mixed, in said town, at a fair cash value at public
sale, as near as they may be able to determine the value of
same. And the council shall immediately thereupon levy a
tax thereon not exceeding fifty cents on the hundred dollars
worth of assessable property, in any one year; provided, how-
ever, that should said council levy a tax in excess of thirty-