388 LAWS OF MARYLAND. [CH. 264
land, a municipal corporation, be and the same are hereby
authorized to construct roadways, alleys, curbs, sidewalks and
gutters in the said town of Edmonston, Maryland, when, where,
and in the manner to be determined by the Mayor and Town
Council.
SEC. 2. And be it further enacted, That to effectuate the
construction of roadways, alleys, curbs, sidewalks and gutters
mentioned in the preceding section, the Mayor and Town Coun-
cil of Edmonston, Maryland, are hereby authorized and em-
powered to borrow from time to time, on the credit of the
town, a sum or sums of money which shall not, however, ex-
ceed in amount at any one time the total sum of ten per
centum of the assessed valuation of all real and personal
property in the town appearing on the assessment books of
Prince George's County, and to issue bonds or certificates of
indebtedness therefor, which shall be payable on or before ten
years from the date of issuance, with interest not to exceed
the rate of six per centum, payable semi-annually, unless of
shorter duration, then at maturity of said obligation. The
funds derived from the sale of said bonds or certificates of in-
debtedness shall be deposited by the Mayor and Town Council
of Edmonston, Maryland, in some safe banking institution in
the State of Maryland, to be determined by them, and to be
subject to the check of the Town Treasurer only when counter-
signed by the Mayor and two members of the Town Council.
Out of said funds shall be paid only the proper expenses for
the negotiation, sale and liquidation of said bonds or certifi-
cates of indebtedness and for the planning and construction
of the roadways, alleys, curbs, sidewalks and gutters as pro-
vided for herein.
SEC. 3. And be it further enacted, That the Mayor and
Town Council of Edmonston, Maryland, be and they are hereby
authorized to do all acts not specifically mentioned herein
which may be necessary to issue and sell said bonds or certifi-
cates of indebtedness, provide for the payment thereof, and the
interest thereon, and to arrange for and construct the road-
ways, alleys, curbs, sidewalks and gutters as provided for
herein. The bonds or certificates of indebtedness hereunder
shall be the direct obligation of the Mayor and Town Council
of Edmonston, Maryland, and the said corporation shall be
responsible therefor.
SEC. 4. And be it further enacted, That the Mayor and
Town Council of Edmonston, Maryland, shall have power to
assess against the abutting property and collect from the own-
ers thereof the cost of roadways, alleys, curbs, sidewalks and
gutters, assessment being in proportion to the number of
|
|