44 LAWS OF MARYLAND. [CH. 30

time, on the credit of the town a sum or sums of money which
shall not, however, exceed at any one time the total sum of
twenty thousand ($20, 000) dollars in amount; and to issue
certificates of indebtedness therefor, which shall be payable
within three years from the date of issuance, with interest not
to exceed the rate of six per centum (6%) per annum, payable
semi-annually, unless of shorter duration, then at the maturity
of said obligation. The funds derived from the sale of said
certificates of indebtedness shall be deposited by the Mayor and
Common Council of Mount Rainier, 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 Clerk and
Treasurer only when countersigned by the Mayor and two
members of the Common Council. Out of said funds shall be
paid only the proper expenses for the negotiation and sale of
said certificates of indebtedness and for the planning and con-
struction of the sidewalks, as provided for herein.

SEC. 3. And be it further enacted, That the Mayor and
Common Council of Mount Rainer, Maryland, be and they are
hereby authorized to do all acts not specifically mentioned here-
in, which may be necessary to issue and sell said certificates of
indebtedness, provide for the payment thereof, and the interest
thereon, and to arrange for and construct the sidewalks as pro-
vided for herein. The certificates of indebtedness hereunder
shall be the direct obligation of the Mayor and Common Coun-
cil of Mount Rainier, Maryland, and the said corporation shall
be responsible therefor.

SEC. 4. And be it further enacted, That the Mayor and
Common Council of Mount Rainier, Maryland, shall have power
to assess upon and collect from the abutting property, where
sidewalks are constructed the total costs thereof, the owner of
said abutting real estate being assessed in proportion to the
number of assessable front feet owned, abutting on the side-
walks, where same are constructed or are about to be con-
structed; provided that when property fronts or abuts on two
or more streets, where such improvements are made, or about
to be made, the abutting front feet shall be computed for the
purpose of assessment hereunder as one-half of the total front
feet abutting on said streets.

SEC. 5. And be it further enacted, That such assessments
when made, shall constitute a tax or lien upon such abutting
property, with priority over all liens recorded after the passage
of this Act, and shall be payable all in cash, or in three equal