THEODORE E. MCKELDIN, GOVERNOR 1429

SEC. 2. And be it further enacted, That the Mayor and Com-
mon Council of said Town shall have authority to prescribe
by ordinance or resolution the form and tenor of such bonds
and the date or dates of issuance, provided that such bonds
shall be coupon bonds bearing interest at not more than six
per cent, which shall be payable semi-annually on the first day
of January and July, and provided that such bonds shall be
issued in denominations of not less than $100 and provided
that such bonds shall be serial bonds and a portion thereof
shall be retired annually and provided further that such bonds
shall be signed by the Mayor and Common Council and coun-
tersigned by the Town Treasurer.

SEC. 3. And be it further enacted, That the Mayor and Com-
mon Council shall assess against the abutting property and
collect from the owners thereof the cost of financing the con-
struction or improvement of roadways, alleys, curbs, side-
walks, gutters and flood-control sewers, such assessment being
in proportion to the number of assessable front feet owned
abutting on said improvements; provided that when property
fronts on or abuts on two or more streets, the abutting front
feet shall be computed for the purpose of assessment as three-
quarters of the total front feet abutting on said improvements.
When flood-control sewers are improved or constructed, the
Mayor and Common Council shall impose an extra assessment,
in addition to the assessment hereinabove provided, on all
property benefited by such improvement or construction; and
said assessment shall be made in proportion to front footage
of the property so benefited. If such assessments fail to pro-
duce an amount sufficient to pay the interest and principal of
said bonds, the Mayor and Common Council shall impose
taxes to make up the deficiency.

SEC. 4. And be it further enacted, That before the said
Mayor and Common Council shall undertake to construct or
improve any roadways, streets, alleys, curbs, sidewalks or
gutters with the funds derived from bonds issued under the
provisions of this Act, said Mayor and Common Council shall
have first been requested to undertake such construction or
improvement by not less than fifty-one per cent (51%) of the
property owners whose property abuts on the proposed con-
struction or improvement.

SEC. 5. And be it further enacted, That before said assess-
ment or extra assessment is made, the Mayor and Common
Council shall give ten days notice in writing to the owners of
all property to be assessed and said notice shall state the date
on which said assessment will be made and shall warn all
owners of such property to appear at the time and place