792 LAWS OF MARYLAND. [CH. 435
CHAPTER 435.
AN ACT to repeal and re-enact, with amendments, Section
145 of Chapter 31 of the Acts of the General Assembly
of Maryland of 1922 (said Section being also known as
Section 205 of Article 1 of the Code of Public Local Laws
of the State of Maryland, as authorized by Chapter 193
of the Acts of 1929 of the General Assembly of Mary-
land), said Section, as amended, empowering the Mayor
and Councilmen of Frostburg to assess property, to levy
and collect taxes for general and special purposes, to
borrow money under certain limitations, and providing
a penalty for violations.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 145 of Chapter 31 of the Acts of
the General Assembly of Maryland for 1922, the same being
also Section 205 of Article 1 of the Code of Public Local
Laws of the State of Maryland, as authorized by Chapter
193 of the Acts of the General Assembly of Maryland of
1929, be and the same is hereby repealed and re-enacted,
with amendments, so as to read as follows:
205. The Mayor and Councilmen of Frostburg shall
cause to be assessed annually, as of the date of finality, all
property, real, personal or otherwise, within said City, and
all securities or other intangible property liable to State
and County taxes, and for any assessments said Mayor and
Councilmen shall accept any valuation theretofore placed
thereon by the State and County assessment, or by the
State Tax Commission assessment, upon the respective
classes of property within said City.
Said Mayor and Councilmen of Frostburg shall have
power to levy and collect a tax on the assessable property
of said City for the general purposes of said corporation,
not exceeding in any one year fifty cents on each on hun-
dred dollars' worth of said assessable property, and, in ad-
dition, to levy and collect such a tax, not exceeding in any
one year ten cents on each one hundred dollars' worth of
said assessable property, as may be necessary to pay the
interest on all bonds or floating indebtedness of said City
created prior to the passage of this Act, and to provide a
sinking fund for the redemption or payment thereof at
maturity; provided, however, that all present and future
bonded and floating indebtedness of said City (exclusive
of the indebtedness of the Water Department of said City)
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