WM. PRESTON LANE, JR., GOVERNOR. 1367

(c) The Town Commissioners are authorized and em-
powered to make contracts exempting from Town taxation
the real and personal property or capital stock of any new
manufacturing company or other enterprise, as an induce-
ment to locate in the Town. Any such contract shall be
limited as to time, and shall not extend such exemption for
a period longer than five (5) years.

83. (Levy. ) All ordinary Town Taxes and other charges
against real or personal property within the Town shall be
levied for the calendar year and as of the first day of January
of such year as the date of finality. As soon as may be prac-
ticable after the date of finality in each year and in any
event before the 15th day of February of each year, the Town
Commissioners shall fix by resolution the rate of Town
taxation for such ensuing year on all assessments, persons or
property subject to taxation by said Town.

84. (Notice of Levy. ) The Town Clerk shall, as soon as
the annual levy is made, give public notice thereof by one
publication inserted in a newspaper printed and published in
said Town.

85. (Date Due. ) (a) All Town taxes and other charges
against real or personal property within the Town shall be
due and payable on and after the first day of April of such
calendar year, and shall be overdue and in arrears on the first
day of the succeeding June, and shall bear interest at the rate
of one-half of one percent for each month or fraction of a
month from the first day of April until paid; provided, how-
ever, that the Town Commissioners may allow such discounts
for payments prior to said first day of June and charge and
collect such penalties for failure to make payment before said
first day of June as may prior to the date of finality be fixed
by resolution of the Town Commissioners.

(b) In the event that any tax bill be not mailed before the
first day of May of any year, the same shall be payable without
interest, at any time within thirty (30) days after the mail-
ing of the bill. All such tax bills not paid within thirty (30)
days after the mailing of the bill as aforesaid, shall be overdue
and in arrears and shall bear interest at the rate of one-half
of one per centum for each month or a fraction thereof account-
ing from the date the said bill was mailed.

86. (Tax Bills. ) Within thirty (30) days after the Town
Commissioners have struck the levy for each calendar year,
the Town Clerk shall render an account of the tax due to
every person named on the tax rolls whose assessment has