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Session Laws, 1947
Volume 411, Page 100   View pdf image (33K)
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100 LAWS OF MARYLAND. [CH. 68

or sides of the property abutting on the street or streeets
improved, which assessment for sidewalks, curbs, gutters,
roadbed, and street improvements, or for all or any, shall
be a lien upon such abutting property and shall be payable
all cash or in 20 equal installments, one installment to be
paid every six months from the date of said assessment,
together with, interest not to exceed the rate of six percent
(6%) per annum and the owner of the property assessed or
anyone in his behalf shall at any time have the right to
anticipate the payment of part or all installments of the
assessment not then due, together with interest accrued. Any
assessment or part thereof remaining due and unpaid for
more than one year shall be enforced as a tax in the same
manner as taxes due the Town of College Park are enforced,
as now provided by law. The Mayor and Common Council
shall have the power to make all necessary regulations to
carry out the objects and purposes of this section and the
Mayor and Common Council shall have full power to adjust
assessments against particular properties made pursuant to
this section where it is proved to the satisfaction of said
Mayor and Common Council that the assessment is, or the
proposed assessment would be, unjust and inequitable, any-
thing in this section to the contrary notwithstanding; pro-
vided, however, that before the Mayor and Common Council
shall make any adjustments of assessments hereunder, at
least four affirmative votes shall be cast and recorded in the
minutes for such adjustments.

(b) To effectuate the improvements that are provided for
in this section, the Mayor and Common Council of the Town
of College Park are hereby authorized and empowered to bor-
row from time to time on the credit of the Town a sum or
sums of money not to exceed at any time any amount equal
to three per cent (3%) of the assessed valuation of all real
property within said Town, and to issue, renew, or reissue
notes or certificates of indebtedness therefor, which shall
be payable within not to exceed ten years from the date of
issuance, with interest not to exceed the rate of 6% per
annum payable semi-annually unless of shorter duration, then
at the maturity of said obligation, and the Treasurer of the
Town is charged with the custody of any monies received
from the sale of said notes or certificates of indebtedness
as above mentioned. The Treasurer of said Town shall be
charged with the prompt collection of the monies arising
from sidewalks, curbs, gutters, streets and drainage improve-
ments and shall be charged with the safekeeping thereof and
the said funds shall be kept as a separate account and fund
in such bank or banks as the Mayor and Common Council
may designate, and no part thereof shall ever be used for

 

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Session Laws, 1947
Volume 411, Page 100   View pdf image (33K)
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