THEODORE R. MCKELDIN, GOVERNOR 1647

January in the year for which they are levied and shall be
overdue and in arrears on the first day of the following
April. They shall bear interest at the rate of one-half
of one percent for each month or fraction of a month there-
after until paid. All taxes not paid and in arrears after
the first day of the following January shall be collected
as provided in Section.

Sale of Tax Delinquent Property:

341-48. A list of all property on which city taxes have
not been paid and are in arrears as provided by Section
341-47 of this charter shall be turned over by the Clerk-
Treasurer to the official of Anne Arundel County respon-
sible for the sale of tax delinquent property as provided
in Article 81 of the Annotated Code of Maryland. All
property listed thereon shall be sold by this County official
in the manner prescribed by State law.

Fees:

341-49. All fees received by an officer or employee of
the city government in his official capacity shall belong to
the city government.

Audit:

341-50. The financial books and accounts of the town
shall be audited annually as of the last day of the fiscal
year, which shall be the calendar year, by a competent
person or persons appointed by the Council. The audit
shall be presented to the Council and to the Mayor within
60 days of the last day of the fiscal year.

Public Debt:

341-51. The City of Glen Burnie shall have power to
borrow on the faith and credit of the city for the purpose
of financing the acquisition, construction, or reconstruction
of any property or public improvement. The city shall
issue and sell bonds as evidence of such borrowing, subject
to the following limitations and in the following manner.

A. No bonds or other evidence of debt shall be issued
under the authority of this section whose par value when
added to the par value of all bonds or other evidence of
debt of the city outstanding will exceed ten percent of the
total assessed value of all taxable property in the city as
shown on the city assessment roll.