THEODORE R. MCKELDIN, GOVERNOR 549
payable on or after the first day of July and shall be over-
due and in arrears on the first day of the succeeding
January. They shall bear interest at the rate of one-half
of one per cent (0. 5%) for each month or fraction of a
month thereafter until paid. All taxes not paid and in
arrears after the first day of the following July shall be
collected as provided in Section 53. Taxes paid before the
first day of September in the year for which they are levied
shall be subject to a three per cent (3%) discount.
SALE OF TAX DELINQUENT PROPERTY
53. A list of all property on which the town taxes have
not been paid and are in arrears as provided by Section
52 of this charter shall be turned over to the official of
Garrett County responsible for the sale of tax delinquent
property by the clerk-treasurer as provided in state law.
All property listed thereon shall be sold by this county
official in the manner prescribed by state law.
FEES
54. All fees received by any officer or employee of the
town government shall belong to the town government.
AUDIT
55. The financial books and accounts of the town shall
be audited as of the thirty-first day of December in each
year by a competent person or persons appointed by the
council. The audit shall be presented to the council and
to the mayor within ninety days of the first day of
January.
PUBLIC DEBT
56. The Town of Friendsville shall have the power to
borrow on the faith and credit of the town from time to
time as may be deemed necessary for the general welfare
of the town and its general corporate purposes. The town
may issue and sell bonds for such indebtedness in accord-
ance with the provisions of Section 57 of this charter or
with state law.
PROCEDURE
57. Except as otherwise specified under the provisions
of this charter (a) The total amount of bonds issued under
the authority of this charter, when added to bonds out-
standing less the amounts in any sinking funds for the
redemption of bonds outstanding, shall not exceed ten per
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