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Session Laws, 1935
Volume 579, Page 779   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 779

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 certifi-
cates of indebtedness and for the planning and construc-
tion of the roadways, alleys, curbs, sidewalks and gutters
as provided for herein.

SEC. 3. And be it further enacted, That in issuing the
bonds or certificates of indebtedness as herein provided in
Section 2, the Mayor and Town Council of Colmar Manor,
or a majority of them, shall issue said bonds or certificates
according to what is known as the serial annuity plan, and
the series as issued shall be lettered beginning with the
letter "A" and so on down the alphabet until the said
amount of $5, 000 shall have been issued, so that the entire
principal sum shall be redeemable within 15 years, but said
Mayor and Town Council shall have the power to prescribe
the amount to be redeemable each year.

SEC. 4. And be it further enacted, That the Mayor and
Town Council of Colmar Manor 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 cer-
tificates of indebtedness, provide for the payment thereof,
t and the interest thereon, an4 to arrange for and construct
the roadways, alleys, curbs, sidewalks and gutters as pro-
vided 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 responsible therefor. In case the assessments here-
inafter provided for shall be insufficient to pay the interest
on and to redeem said bonds, then the Mayor and Town
Council shall levy and collect taxes sufficient to make said
payments.

SEC. 5. And be it further enacted, That 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, side-
walks and gutters, the assessment being in proportion to
the number of assessable front feet owned, abutting on the
streets where same are constructed or are about to be con-
structed; provided 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 an-
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Session Laws, 1935
Volume 579, Page 779   View pdf image (33K)
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