126 LAWS OF MARYLAND [CH. 63

bonds or certificates of indebtedness therefor, and to
assess the costs of construction, maintenance and opera-
tion of the aforesaid Municipal Center Building by levy-
ing an assessment against the property owners of the
Town of District Heights, Maryland, and to provide for
a referendum thereon.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Town of District Heights, a municipal
corporation, is hereby authorized to construct, maintain,
and operate a Municipal Center Building in the Town of
District Heights, Maryland, when and where and in the
manner to be determined by the District Heights Com-
mission.

SEC. 2. And be it further enacted, That to effectuate the
construction, maintenance, and operation of the aforesaid
Municipal Center Building, in Section 1, the District
Heights Commission is hereby authorized and empowered
to borrow, on the credit of the Town a sum of money which
shall not exceed the sum of Sixty Thousand Dollars ($60, -
000. 00), but the said Sixty Thousand Dollars, however,
shall not increase the borrowing power of the Town of Dis-
trict Heights which shall not exceed in amount at any time
the total sum of eight per centum (8%) of the assessed
valuation of all real property in the Town appearing on
the assessment books of Prince George's County, Mary-
land, and to issue bonds or certificates of indebtedness
therefor, which shall be payable on or before twenty (20)
years from the date of issuance, with interest not to ex-
ceed six per centum (6%) per annum, payable semi-
annually, unless of a shorter duration, then at maturity
of said obligations. The funds derived from the sale of
said bonds or certificates of indebtedness shall be deposited
by the District Heights Commission in some safe banking
institution in the State of Maryland, to be determined by
them, and to be subject to the check of the Town Treasurer
only when countersigned by the Chairman Commissioner
and one other member of the District Heights Commission.
Out of said funds shall be paid only the proper expense for
the negotiation, sale, and liquidation of said bonds or certi-
ficates of indebtedness and for the planning and construc-
tion and maintenance and operation of the Municipal
Center Building as provided for herein.

The hereinbefore mentioned limitation of eight per cen-
tum (8%) of the assessed valuation constitutes an overall
limitation of borrowing capacity, notwithstanding any bor-
rowing power heretofore authorized by the General Assem-