HERBERT R. O'CONOR, GOVERNOR. 1263

sist of a separate cash account, together with an offsetting
reserve, such fund to be used only for replacement of equip-
ment or purchase of new equipment as may be necessary, and
such fund may accumulate from year to year and not be con-
sidered surplus to be turned into the general fund.

61. Tax Procedure. The following procedure shall govern
the exercise of the taxing power granted to the Council of
Greenbelt by Section 3 (1) of this charter.

1. Assessment. The County assessment of taxable real
property shall be used as the basis for taxation of real prop-
erty by the Council of Greenbelt, and the assessment of tax-
able personal property shall be made by the Treasurer of the
Town of Greenbelt and shall be the basis for taxation of all
personal property by the Council of the Town of Greenbelt.

2. Date of Finality. The date of finality of all Town taxes
shall be the same as the date of finality of taxes of Prince
George's County.

3. Levy. The annual tax levy shall be made by the Council
within the time specified for the making of the tax levy of
Prince George's County, and otherwise as specified by the gen-
eral law of the State of Maryland.

4. Tax Year. All tax levies shall be for the calendar year
in which the levy is made, except that this shall not prohibit
the Council from levying a tax for a part of a year when the
general law of the State of Maryland so permits.

5. Tax roll. Each year as soon after the date of finality
as practicable and before taxes become due and payable in
each year, the Town Treasurer shall prepare the tax roll show-
ing the assessed valuation of all real or personal property
subject to taxation in the Town of Greenbelt; such tax roil
shall contain a full list of all such real estate and improve-
ments thereon as the same has been valued and assessed,
with the owners thereof, the location and description of each
piece or parcel of ground so assessed and valued, and shall
contain also an alphabetical list of all persons to whom personal
property has been assessed, with the amounts of such assess-
ments.

The Council shall determine and certify to the Town Treas-
urer the rate or rates of taxation applicable to the several
classes of property contained in said tax roll. The rate for sub-
divided property on which there has been developments or con-
templated development of at least one living unit per acre shall
be determined by the Council at a rate that shall bring suffi-
cient return for the operation of the Town government.

The rate on rural undeveloped, unimproved land, or land
used primarily for farm purposes shall be not more than
ten cents on each One Hundred Dollars of assessed valuation.