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Session Laws, 1945
Volume 589, Page 1874   View pdf image (33K)
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1874 LAWS OF MARYLAND. [CH. 1051

(b) To effectuate the improvements that are provided for in
this section, the Mayor and Common Council of the Town of
College Park are hereby authorized and empowered to borrow
from time to time on the credit of the Town a sum or sums of
money not to exceed at any time any amount equal to three
per cent (3%) of the assessed valuation of all real property
within said Town, and to issue, renew, or reissue notes or
certificates of indebtedness therefor, which shall be payable
within not to exceed ten years from the date of issuance, with
interest not to exceed the rate of 6% per annum payable semi-
annually unless of shorter duration, then at the maturity of
said obligation, and the Treasurer of the Town is charged with
the custody of any monies received from the sale of said notes
or certificates of indebtedness as above mentioned. The Treas-
urer of said Town shall be charged with the prompt collection
of the monies arising from sidewalks, curbs, gutters, streets
and drainage improvements and shall be charged with the
safe-keeping thereof and the said funds shall be kept as a sepa-
rate account and fund in such bank or banks as the Mayor and
Common Council may designate, and no part thereof shall ever
be used for any other purpose than to liquidate the notes or
certificates of indebtedness and pay the interest thereon issued
for the costs and the necessary expenses in the construction
of sidewalks, curbs, gutters and roadbed and street improve-
ments, including the necessary expenses incident thereto. The
certificates when paid shall be cancelled and properly kept
and filed among the papers of said Town. The record shown
for certificates thus cancelled shall be entered upon a book
kept for the purpose aforesaid.

SEC. 20. And be it further enacted, That when the Mayor
and Common Council shall have determined to construct side-
walks, curbs, gutters, or roadbed and street improvements, or
all or any, in any street or. streets in said Town they shall
thereupon notify, as far as practicable, each property owner
upon each street proposed to be improved, by depositing in the
United States Post Office, postage prepaid, in a sealed envelope
addressed to such owner's last known address, a notice, and by
publishing said notice in one or more of the newspapers having
general circulation in the Town of College Park, setting forth
therein the kind of sidewalk, curb, gutter, roadbed and street
improvements, or all or any of them, in any street in said Town
the Mayor and Common Council have determined to improve;
the place, date and time it will meet to hear such owners, which
shall be not less than ten days from the mailing of such notices,
and notifying said owners to appear at said meeting and ex-
press their views upon the question or show cause, if any there
be, why the improvements should not be made; and the decision

 

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Session Laws, 1945
Volume 589, Page 1874   View pdf image (33K)
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