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Session Laws, 1933 Session
Volume 421, Page 297   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 297

SECTION 1. Be it enacted by the General Assembly of
Maryland, That all special assessments heretofore levied
for construction of streets, sidewalks, curbs or gutters by
the Mayor and Common Council of Riverdale as the same
stand charged upon the books of said Mayor and Council,
as of the effective date of this Act, be and the same are
hereby ratified and confirmed, together with all interest
and penalties accrued and are declared to be a benefit to
the property against which they are; levied to the amount
due with interest, penalties and costs.

SEC. 2. And be it further enacted, That all such assess-
ments are from and after this date to be treated as a new
levy for the respective amounts due on them, including
interest, penalties and costs and, shall be due and payable
in twenty semi-annual installments accounting from April
1, 1933, and the said Mayor and Council are directed to
determine the amount due as of April 1, 1933, including
interest, penalties and costs, and to direct the Treasurer of
said Town to calculate and establish said amounts as of
April 1, 1933, and to send a bill therefor to the owners
of all properties affected; such installments shall bear such
interest as the Mayor and Common Council may determine,
not exceeding six per cent per annum and such penalties
for non-payment as now provided by law, and shall be a
lien and enforceable as now provided by existing law.

SEC. 3. And be it further enacted, That said Mayor
and Common Council are hereby authorized to refund, re-
new, re-issue or extend any or all of the obligations of
said Town, the proceeds of which went in whole or in part
for street, sidewalk, curb or gutter construction or for
any charges or expenses incident thereto or necessary in
such refunding or extension, with authority to include in
such refunding or refinancing any advances toward such
construction made from any other town fund as well as
any unpaid interest due on any of said indebtedness; for
such time, not exceeding eleven years and upon such terms
and denominations, as to maturities, and at such rate, not
exceeding six per centum per annum, and in such form as
they may determine, provided the total amount of such
indebtedness refunded, renewed, re-issued or extended does
not exceed the amount of $48, 000. 00 and provided further,
the. Mayor, and Council may issue coupon bonds for such
purposes in which event the coupons on any such bonds
shall be sufficiently authenticated by having printed there-

 

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Session Laws, 1933 Session
Volume 421, Page 297   View pdf image (33K)
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