616 LAWS OF MARYLAND. [CH. 319

assess, levy or collect within the taxable limits of the town of
Pocomoke City as it heretofore existed, subject, however, to
the following limitations, restrictions and conditions:

(a) The tax rate on all personal property within said dis-
trict, except farming implements and stock used exclusively
for farming purposes, which are hereinafter exempted from
Municipal taxation, shall be twenty-five cents on every One
hundred dollars ($ 100. 00) of assessed personal property until
December 31, 1942, and from and after said date the tax rate
on said personal property shall be the same as the tax rate on
personal property within the old corporate limits of Pocomoke
City.

(b) The tax rate on real property improved by dwellings
or other buildings within said taxing district shall not exceed
twenty-five cents on every One hundred dollars ($100. 00) of
assessed property for a period of ten (10) years, accounting
from the first day of January, 1938, unless, within said period
of ten (10) years, water and sewer mains shall be laid adjacent
to said improved real property under one or more streets on
which said improved real property is situated, and unless
street lights shall be erected and maintained adjacent to said
improved real property on one or more streets on which said
improved real property is situated, or unless said water and
sewer mains be laid and street lights be erected and main-
tained as aforesaid, on the street nearest said improved real
property, provided said property does not abut on any street;
provided, however, that from and after the time of the com-
pletion of the laying of said mains, and the erection of said
street lights adjacent to said improved real property, or from
and after the first day of January, 1948, whether said mains
are laid and street lights are erected or not, the Mayor and
Council of Pocomoke City shall have full power to levy and
collect taxes on said improved real property at the same rate
as on property of like kind within the old corporate limits of
Pocomoke City.

(c) No taxes shall be levied or collected on vacant lots or
parcels of land within said district for a period of ten (10)
years, accounting from the first day of January, 1938, unless
within said period of ten (10) years water and sewer mains
shall be laid and street lights erected and maintained adja-
cent to said property as described in the preceding paragraph
of this section. Provided, however, that from and after the
date on which said vacant lots or parcels of land shall be
improved by the erection of dwellings or other buildings there-
on, the said land, together with the buildings and improve-
ments thereon, shall be taxed as improved property, as de-
scribed in the preceding paragraph of this section; and pro-
vided further, that from and after the time of the completion