WM. PRESTON LANE, JR., GOVERNOR. 681

(a) The tax rate on all personal property within said
district, except farming implements and stock used exclu-
sively for farming purposes, which are hereinafter ex-
empted from Municipal taxation, shall be the same as the
tax rate on personal property within the corporate limits
of Snow Hill as it heretofore existed.

(b) The tax rate on real property improved by dwell-
ings or other buildings within said taxing district shall
not exceed twenty-five cents (25c) on every One hundred
dollars ($100. 00) of assessed property for a period of five
(5) years accounting from the first day of January, 1950,
unless within said period of five (5) years, water and
sewer mains shall be laid adjacent to said improved real
property under one or more streets on which said improved
real property is situated, and unless street lights shall
be erected and maintained adjacent to said improved real
property on one or more streets on which said improved
real property is situated, or unless said water and sewer
mains be laid and street lights be erected and maintained,
as aforesaid, on the street nearest said improved real
property, provided said property does not abut on any
street; provided, however, that from and after the time
of the completion of the laying of said water and sewer
mains and the erection of said street lights adjacent to
said improved real property, as above set forth, or from
and after the first day of January, 1955, whether said
water and sewer mains are laid and street lights are
erected or not, the Mayor and Council of Snow Hill shall
have full power to levy and collect taxes on said improved
real property at the same rate as on property of like kind
within the corporate limits of Snow Hill as they heretofore
existed.

(c) No taxes shall be levied or collected on vacant lots
or parcels of land within said district for a period of five
(5) years, accounting from the first day of January, 1950,
unless within said period of five (5) years water and sewer
mains shall be laid and street lights erected and main-
tained adjacent to said property, as described in the
proceeding sub-paragraph of this Section, Provided, how-
ever, that from and after the date on which said vacant
lots or parcels of land shall be improved by the erection of
dwellings or other buildings thereon, the said land, together
with the buildings and improvements thereon, shall be
taxed as improved property, as described in the proceed-
ing sub-paragraph of this Section; and provided further,
that from and after the time of the completion of the lay-
ing of said water and sewer mains, and the erection of