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Session Laws, 1929
Volume 572, Page 500   View pdf image (33K)
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500 LAWS OF MARYLAND. [CH. 172

ing or improving any street, sidewalk, alley or public high-
way, or any part or parts thereof, or other necessary purposes,
the said Mayor and Council are hereby given power and au-
thority to borrow money, from time to time as may be needed,
on the credit of the town, not in excess of a total of two per
centum (2%) of the assessed valuation of real property, with-
in the corporate limits of the Town of Gaithersburg, for town
taxes, and to issue certificates of indebtedness as evidence there
of. All sums so borrowed shall be kept in a separate account
to be known as "The Street Improvement Account, " or such
other account or accounts as are designated from time to time
by the Mayor and Council according to the improvement or
improvements for which the money is borrowed, and shall be
borrowed for no longer period than twenty (20) years and not
less than one-twentieth (1/20) part of said indebtedness, and
interest, shall be paid each and every year until said debt is
paid. And the said Mayor and Council is authorized and em-
powered to provide for the levy and collections of all taxes
necessary for the payment of the interest and principal of any
such indebtedness.

SEC. 3. And be it further enacted, That a new section be
and it is hereby added to said Charter, to be known as Section
13D, to follow immediately after Section 13C, and to read
as follows:

13D. The Mayor and Council of Gaithersburg is hereby
authorized and empowered, whenever they shall by ordinance
provide for establishing, opening, widening, extending, im-
proving or repairing any sidewalk, to assess the cost of any
such work, in whole or in part, upon the property binding
upon such sidewalk or sidewalks, or part thereof, according
to such rule or basis it may determine, and for collecting
said assessment as other city taxes are collected, either before
or after the work shall have been done; provided, however,
that said assessment, if the party against whom it is made so
elects, shall be payable in five equal yearly instalments, and
any assessment paid in said yearly instalments shall bear
interest at the rate of six per centum per annum until paid;
and provided further that before the passage by the Mayor
and Council of. Gaithersburg of any ordinance requiring the
whole or any portion of the costs to be assessed upon the
property, ten days' notice shall be given by the Mayor in some
newspaper having a general circulation in said town, notify-


 

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Session Laws, 1929
Volume 572, Page 500   View pdf image (33K)
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