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Session Laws, 1953
Volume 606, Page 1672   View pdf image (33K)
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1672 LAWS OF MARYLAND [CH. 727

charges shown on his books as liens on the property with
respect to which taxes are tendered. The Town is hereby
authorized and empowered to adopt and pass all needful
ordinances, which shall have the force and effect of law,
to carry the preceding provisions of this Section into ef-
fect. All front foot assessments, sewer service charges and
connection charges collected by the Treasurer of the Town
shall be deposited as received into a special account or
accounts in one or more banks to be designated by the Town
Commissioners of the Town and to be known and designated
as the "La Plata Sewer Bond Fund". Said Fund shall be
first applied to the cost of maintaining, operating and keep-
ing in repair said sewerage system and treatment plant
and the balance at the end of each fiscal year shall be ap-
plied to the payment of the interest on the bonds, the issue
of which is hereinafter authorized, and to the payment of
the principal of said bonds as the same shall fall due, and
for no other purpose. Should the revenue derived from the
collection of the above-mentioned front foot assessments,
sewer service charges and connection charges be in-
adequate for the proper maintenance, operation and repair
of said sewerage system and treatment plant, or for other
good and sufficient reason, the Town is hereby authorized
to levy from time to time upon all property subject to
assessment for taxation within the corporate limits of the
Town such taxes as may be necessary for the proper main-
tenance, operation and repair of said sewerage system and
treatment plant, without regard to any present or future
limitation or limitations on the taxing powers of the Town.

SEC. 5. And be it further enacted, That the Town is
hereby authorized and empowered to borrow at one time
or from time to time, upon the faith and credit of the
Town, and to issue and sell at one time or from time to
time its bonds therefor, a sum or sums of money not exceed-
ing in the aggregate $500, 000, for all or any one of the
following purposes: (a) financing, designing, constructing,
establishing, maintaining in good working order and
operating a sewerage system in the Town and a sewage
treatment plant within or without the corporate limits of
the Town, including storm water and other drainage system
in the Town, (b) the acquisition of land or any interest
therein for such sewerage system and sewage treatment
plant, (c) paying the expenses of engraving, printing,
advertising and other outlays with respect to the issuance
of said bonds, and (d) paying the interest on said bonds


 

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Session Laws, 1953
Volume 606, Page 1672   View pdf image (33K)
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