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Session Laws, 1939
Volume 581, Page 136   View pdf image (33K)
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136 LAWS OF MARYLAND. [CH. 86

on the abutting real property in said town where such
streets, curbs, sidewalks and gutters are constructed; and
to make the principal and interest of said bonds, notes or
certificates of indebtedness the direct obligation of said
town, and to provide for submission of this Act to the quali-
fied voters of said town for approval.

SECTION 1. Be it enacted by the General Assembly of Mary-
land,
That six new sections be and they are hereby added to
Article 17 of the Code of Public Local Laws of Maryland
(1930 Edition), title "Prince George's County", sub-title
"North Brentwood", said new sections to be known as Sec-
tions 818A to 818F, inclusive, to follow immediately after
Section 818 of said Article, and to read as follows:

818A. The Mayor and Town Council of North Brentwood
shall have power to improve and to construct roadways, alleys,
curbs, sidewalks and gutters in the said town of North Brent-
wood, when, where, and in the manner to be determined by the
Mayor and Town Council.

818B. To effectuate the improvement and construction of
roadways, alleys, curbs, sidewalks and gutters mentioned in
the preceding section, the Mayor and Town Council of North
Brentwood are hereby authorized and empowered to borrow
from time to time, on the credit of the town, a sum or sums
of money which shall not, however, exceed in amount at any
time the total sum of eight per centum (8%) of the assessed
valuation of all real and personal property in the town ap-
pearing on the assessment books of Prince George's County;
and to issue bonds, notes or certificates of indebtedness there-
for, which shall be payable on or before twenty years from the
date of issuance, and to fix the interest thereon at a rate not
to exceed six per centum (6%) per annum, payable semi-an-
nually. The funds derived from the sale of said bonds, notes
or certificates of indebtedness shall be deposited by the Mayor
and Town Council of North Brentwood 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 treasurer
only when countersigned by the Mayor. Out of said funds
shall be paid only the proper expenses for the negotiation,
sale and liquidation of said bonds, notes or certificates of in-
debtedness and for the planning, improvement and construc-
tion of the roadways, alleys, curbs, sidewalks and gutters as
provided for herein.

818C. The Mayor and Town Council of North Brentwood
are hereby authorized to do all acts not specifically mentioned
herein which may be necessary to issue and sell said bonds,


 

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Session Laws, 1939
Volume 581, Page 136   View pdf image (33K)
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