1766 LAWS OF MARYLAND [CH. 582

posited by the Mayor and Common Council, in some safe bank-
ing institution in the State of Maryland, to be determined by
it and to be subject to the check of the Town Clerk and Treas-
urer only when countersigned by the Mayor and one member
of the Common Council. 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 plan-
ning or construction of storm 'water sewers and drainage sys-
tems, as provided for herein. The Mayor and Common Council
of Seat Pleasant, Maryland, is hereby authorized to do all acts
not specifically mentioned herein which may be necessary to
issue and sell said bonds or certificates of indebtedness, pro-
vide for the payment thereof and the interest thereon, and to
arrange for the construction of storm water sewers and drain-
age systems, as provided for herein. The bonds or certificates
of indebtedness hereunder shall be the direct obligation of the
Mayor and Common Council of Seat Pleasant, Maryland, and
the said corporation shall be responsible therefor.

(c) For the purpose of providing for the payment of the prin-
cipal and the interest on the bonds or certificates of indebted-
ness so issued by the Mayor and Common Council for the con-
struction of any drainage system, there shall be levied by the
Mayor and Common Council a special assessment, to be known
as a drainage system assessment, against all of the properties
within any particular drainage area or watershed, as may be
determined by survey by the Town Engineer, which is served
by said system, whether immediately or remotely based on the
area in square feet of assessable property belonging to any
owner within said drainage area and so benefited, which taw
or assessment shall be uniform throughout the area affected.
Such tax or assessment shall be levied annually in a sufficient
amount to meet the principal and interest requirements of the
bonds outstanding, the proceeds of which went into the con-
struction of the drainage system and such tax or assessment
may be graduated from year to year as the bonds are retired,
provided however, before any such tax or assessment is levied
the Mayor and Common Council of Seat Pleasant shall mail
to the best obtainable addresses of the owners of all properties
within said drainage district or part thereof upon which it is
proposed to levy a tax or assessment, notice that said tax or
assessment is to be levied and giving said property owners an
opportunity to be heard thereon at a time and place fixed in said
notice, and at said hearing the Mayor and Common Council
may adjust said tax or assessment, maintaining however, a rule
of uniformity as to the base rate or percentage of levy. Such
levy or assessment when made shall constitute a tax lien upon
all of the properties within said drainage area, as determined