WM. PRESTON LANE, JR., GOVERNOR. 77
CHAPTER 24.
(Senate Bill 28)

AN ACT to amend Flack's 1943 Code of Public Local Laws of
Prince George's County by adding thereto, immediately fol-
lowing Section 1199, a new Section 1199(a) to authorize
the Mayor and Common Council of Riverdale to borrow on
the faith and credit of the Town not to exceed $25, 000. 00
for the payment of the Town's share of the cost of the
construction of a storm water or surface drainage system
within the Town and to issue therefor the bonds or notes of
the Mayor and Common Council of Riverdale payable within
fifteen years from the date of issuance; to authorize the
Mayor and Common Council of Riverdale to make such
improvements and to enter into written agreements with
the Washington Suburban Sanitary Commission or other
authorized governmental agencies respecting the making of
such improvements within the Town in the development of
a comprehensive system of storm water drainage for the
drainage area; to authorize the Mayor and Common Council
of Riverdale to levy an annual "Town Drainage Tax" on
the assessable property within the Town sufficient to pay
the principal and interest on such obligations as the same
shall become due; to declare the "Town Drainage Tax" a
lien upon the property against which it is assessed; to
provide for the collection of such tax and the method of
accounting for and appropriation of the funds authorized
by this Act.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Flack's 1943 Code of Public Local Laws of Prince
George's County be amended by adding thereto, immediately
following Section 1199, a new Section 1199(a), to authorize
the Mayor and Common Council of Riverdale, for the purpose
of meeting the Town's share of the cost of the construction
of a storm water or surface drainage system within the Town,
to borrow not exceeding twenty-five thousand dollars ($25, -
000. 00) on the faith and credit of the Town and to issue bonds
or notes therefor which shall become the general obligations
of the municipality.

The Mayor and Common Council shall by ordinance pre-
scribe the form and tenor of such bonds or notes, the rate
of interest, not exceeding four per cent (4%), which may be
paid thereon, the date or dates of issuance and the time and
place at which the interest and principal of the bonds or notes
shall be paid.

All bonds issued hereunder shall be upon the serial annuity
plan and shall mature and become payable within fifteen
years from the date of issuance. The bonds or notes issued