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Session Laws, 1941
Volume 582, Page 1175   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1175

by an assessment of 60% of the cost of such improvements to
be levied by the Mayor and Town Council against the property
directly affected, and the other 40% to be levied against all
property in the ward or wards in which such improvements
are made. Improvements for the good of the residents of the
town at large shall be paid for out of the general funds of the
town. If the town receives a gift for an improvement, the
remaining cost, if any, shall be apportioned as provided above.
After the general expenses of the town have been provided for,
the remaining income shall be allocated to the several wards in
proportion to the assessed value of the real estate in said
wards.

SEC. 26. The Maryland State Roads Commission, or whatever
body may in the future have authority to distribute gasoline
tax funds or any other funds for the construction, maintenance,
improvement and lighting of streets, alleys, and roads, shall
pay to the Town of Berwyn its share of said funds, in the same
manner and in the same proportion as is now paid to other in-
corporated towns in Prince George's County. The money so
received, shall be expended by the Mayor and Town Council
for the repair and maintenance of the streets, roads, alleys and
sidewalks of said town. Said funds to be apportioned to the
several wards in proportion to the assessed value of the real
property in said wards.

SEC. 27. The County Commissioners of Prince George's
County shall return and pay over annually to the Treasurer of
the Town of Berwyn, three-fourths of the full amount of the
road and bridge tax levied on real property within the Town
of Berwyn.

SEC. 28. That for the purpose of acquiring an area of not
to exceed 40 acres for park, recreation and municipal purposes,
the Mayor and Town Council of the Town of Berwyn, are here-
by authorized and empowered to borrow from time to time on
the credit of the town, a sum or sums of money which shall not
exceed in amount at any one time the total sum of 3% of the
assessed valuation of all real and personal property in the
town, and to issue bonds or certificates of indebtedness there-
for, which shall be payable on or before 40 years from the date
of issuance, with interest not to exceed the rate of six per cent,
payable semi-annually. The funds derived from the sale of
said bonds or certificates of indebtedness shall be deposited
by the Treasurer in some safe banking institution in the State
of Maryland, to be determined by the Mayor and Town Coun-
cil, and to be subject to the check of the Treasurer only when
countersigned by the Mayor. Out of said funds shall be paid
only the proper expenses for the negotiation, sale and liquida-

 

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Session Laws, 1941
Volume 582, Page 1175   View pdf image (33K)   << PREVIOUS  NEXT >>


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