THEODORE R. MCKELDIN, GOVERNOR 1499

by the council. The audit shall be presented to the council
and to the mayor within ninety days of the first day of
January. The council or the mayor may order an audit of
the financial books and accounts of the city by a competent
person or persons appointed by it or him at any time it
or he may deem it proper so to do.

88. Public Utility Revenues. —All revenues from water
and sewer operations and from any other public utilities
operated by the city shall be put into a separate fund to
be used for current operating expenses of these utilities,
replacement and extension of facilities, and payment of
interest and principal on bonds issued for these purposes.
If these revenues are not sufficient, the deficit must be
made up from the general funds of the city. Revenues
from water or sewer operations or from other public
utilities operated by the city may not be transferred under
the authority of Section 82 of this charter and may not
be used for any other purposes than those specified in this
charter.

89. Budget Authorizes Levy. From the effective date
of the budget, the amount stated therein as the amount to
be raised by the property tax shall constitute a determina-
tion of the amount of the tax levy in the corresponding
tax year. In addition to a sum for general purposes, the
council may levy on assessable property such sums as
have been heretofore authorized or that may be hereafter
authorized by the General Assembly of Maryland for the
liquidation and payment of the indebtedness of the City
of Salisbury or any bonds thereof or interest thereon,
issued or to be issued under the authority of state law
or this charter.

90. Taxable Property. All real and tangible personal
property within the limits of the City of Salisbury, or
which may have a situs there by reason of the residence
of the owner therein, shall be subject to taxation for
municipal purposes, and the assessment for said purpose
shall be the same as that for state and county purposes.
THE MAYOR AND COUNCIL OF SALISBURY SHALL
NOT TAX PROPERTY FOR ALL GENERAL PUR-
POSES OTHER THAN SERVICING BONDS AT A
RATE GREATER THAN $1. 00 ON EACH $100. 00 OF
ASSESSED VALUATION.

91. When Taxes Are Over-due. The taxable year shall
be the calendar year. The taxes provided for in Section 89
of this charter shall be due and payable on or after the