WM. PRESTON LANE, JR., GOVERNOR. 1457

State of Maryland; and to issue bonds or certificates of in-
debtedness therefor, which shall be payable on or before ten
years from the date of issuance, with interest not to exceed
the rate of six per centum, payable semi-annually, unless of
shorter duration than at the maturity of said obligation.
The funds derived from the sale of said bonds or certificates
of indebtedness shall be deposited by the Town of District
Heights and the District Heights Commission in some safe
banking institution in the State of Maryland, to be deter-
mined by them, and to be subject to the check of the town
clerk and treasurer only when countersigned by the Chair-
man Commissioner and one member of the District Heights
Commission. Out of said funds shall be paid only the proper
expenses for the negotiation, sale and liquidation of said
bonds or certificates of indebtedness and for the planning
and construction or reconstruction of the roadways, alleys,
curbs, sidewalks and gutters and storm water sewers as pro-
vided for herein.

The hereinbefore mentioned limitation of eight per centum
of the assessed valuation constitutes an overall limitation of
borrowing capacity, notwithstanding any borrowing power
heretofore authorized by the General Assembly of Maryland,
and any sums outstanding incident to any heretofore author-
ized bond issued shall be included in the determination of
the limitations authorized in Section 473-C.

The Town of District Heights and the District Heights
Commission shall have power to assess against the abutting
property and collect from the owners thereof the cost of road-
ways, alleys, curbs, sidewalks, and gutters and storm water
sewers, assessment being in proportion to the number of
assessable front feet owned, abutting on the streets where
same are constructed or are about to be constructed; provided,
that when property fronts or abuts on two or more streets,
where such improvements are made, or about to be made, the
abutting front feet shall be computed for the purpose of
assessment hereunder as one-half of the total feet abutting on
said improvements.

Such assessment when made shall constitute a tax or lien
upon such abutting property with priority over all liens re-
corded after June 1, 1949, and shall be payable in ten equal
installments at a rate not to exceed six per centum per annum,
and any assessment or part thereof remaining due and unpaid
shall be enforced and collected by the Town of District
Heights and the District Heights Commission in the same
manner as town taxes are collected, provided the Town of Dis-
trict Heights and the District Heights Commission shall give
two weeks notice to the owners of all abutting property, by
advertisement, published at least once a week in one or more