142 LAWS OF MARYLAND. [CH. 60

not, however, exceed in amount at any one time the total
sum of eight per centum of the assessed valuation of all
real and personal property in the town appearing on the
books of the Treasurer of the Town, and to issue bonds or
certificates of indebtedness therefor, which shall be payable
on or before fifteen years from the date of issuance, with
interest not to exceed the rate of six per centum, payable
semi-annually. The funds derived from the salfe of said
bonds or certificates of indebtedness, whether more or less
than their par value, shall be deposited by the Mayor and
Town Council of Colmar Manor in some safe banking insti-
tution in the State of Maryland, to be determined by them,
and to be subject to the check of the town treasurer only
when countersigned by the Mayor and two members of the
Town Council. Out of said funds shall be paid only the
proper expenses for the negotiation, sale and liquidation
of said bonds or certificates of indebtedness and for the
planning, improvement and construction of the roadways,
alleys, curbs, sidewalks and gutters as provided for herein.

257C. The Mayor and Town Council of Colmar Manor
shall be and they are hereby authorized to do all acts not
specifically mentioned herein which may be necessary to
issue and sell said bonds or certificates of indebtedness, pro-
vide for the payment thereof, and the interest thereon, and
to arrange for and improve and construct the roadways,
alleys, curbs, sidewalks and gutters as provided for herein.
The bonds or certificates of indebtedness hereunder shall
be the direct obligation of the Mayor and Town Council of
Colmar Manor and the said corporation shall be respon-
sible therefor. In case the assessments hereinafter provided
for shall be insufficient to pay the interest on and to re-
deem said bonds, then the Mayor and Town Council shall
levy and collect taxes sufficient to make said payments.

257D. The Mayor and Town Council of Colmar Manor
shall have power to assess against the abutting property
and collect from the owners thereof the cost of roadways,
alleys, curbs, sidewalks and gutters, the assessment being
in proportion to the number of assessable front feet owned,
abutting on the streets where same are improved or con-
structed or are about to be improved or constructed; pro-
vided that when corner property fronts or abuts on one
street where such improvements are made or are about to
be made, and abuts or has its side upon another street
where such improvements are made or are about to be