MONTGOMERY COUNTY. 3653'

amount of all sinking funds previously provided for, said certificates and
interest to be paid only from such revenue and within one year from the
date of their issue; and such certificates may be issued in pursuance of an
ordinance duly passed without submitting the question to a vote of the
taxpayers.

(I) The Council shall have the same powers as the State Board of
Health of this State, restricted, however, to the limits of the town.

(J) The Council shall keep and annually publish a tabular statement of
the receipts and expenditures of the funds of the corporation, and such.
other matters connected with the government and regulations of the town
affairs as they may deem necessary and proper.

1929, ch. 169, sec. 8.

961. (A) Prior to the beginning of each fiscal year the Council shall
prepare and adopt an annual budget covering the estimated receipts and
disbursements of the general revenues of the Town for the fiscal year begin-
ning July first following its adoption. Said budget shall include a care-
fully prepared and itemized estimate of town revenues from all known
sources, including any balance unexpended in the general fund for the
previous year.

(B) Against the total revenues thus estimated the Council shall appor-
tion such sums as, in their judgment, may be necessary and proper to meet
the various itemized requirements of the town during the said fiscal year,
as far as such requirements can be estimated; provided, however, that the
total of such proposed exepnditures shall not exceed ninety per cent, of the
estimated revenues of the town; the remaining ten per cent, of said esti-
mated revenues shall be maintained as a reserve to meet extraordinary
or unanticipated expenditures as the Council may direct.

(C) The estimated apportionment of budget allotments shall be ex-
pended as nearly as possible in equal quarterlv amounts; and no item of
budget allotments shall be exceeded except by authority of the Mayor
and Council who shall make provision for any extra requirements without
exceeding the total amount of the budget estimated receipts.

1929, ch. 169, sec. 9.

962. (A) On or before the 15th day of March in each succeeding
year, the Council shall, by resolution, appoint one or more persons whose
duty it shall be either to make a new assessment of all real and personal
property within the limits of the town, according to such regulations as
the Council may prescribe, or to revise the present assessment; (1) by
making such changes or corrections therein as may be deemed just and
proper, (2) by adding thereto any property subject to taxation not ap-
pearing in the previous assessment, and (3) by ascertaining, so far as
may be, all changes of ownership up to the date of such revision; to the
end that all property may be assessed and taxed in the names of the legal
owners thereof at the time of the annual assessment or revision; provided,
however, that in the case of property passing by descent, or property in