1684 LAWS OF MARYLAND [CH. 730

water or surface drainage improvement expenditures in
Forest Heights, Prince George's County, in any one year
except upon approval by referendum, relating to pay-
ments on certain storm water or surface drainage im-
provement bonds, and providing for an assessment to
produce revenue to meet obligations on certain storm
water and surface drainage improvement bonds and pro-
viding for a referendum thereon.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 22 of Chapter 142 of the Acts of
1949 be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

22. (a) To effectuate the improvements named in the
preceding sections, the Mayor and Town Council of Forest
Heights is hereby authorized and empowered to borrow
from time to time on the faith and credit of the town, a
sum or sums of money sufficient to pay the costs thereof,
which shall not, however, exceed in amount at any one time
for any purpose the total sum of ten per centum of the
assessed valuation of all real and personal property in the
town appearing on the assessment books of Prince George's
County, Maryland; and to issue bonds or certificates of
indebtedness therefor, which shall be payable within eleven
years from the date of issuance in twenty equal semi-
annual installments with interest not to exceed the rate of
six per centum per annum, payable semi-annually, unless
of shorter duration, then at the maturity of said obligation.
The funds derived from the sale of said bonds or certificates
of indebtedness shall be deposited by the Mayor and Town
Council of Forest Heights in some safe banking institution
in the State of Maryland, or the District of Columbia, to be
determined by it, and be subject to withdrawal by the check
of the Town Treasurer, only when countersigned by the
Mayor. 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 planning
and construction of the roadbeds, sidewalks, curbs, gutters
and street improvements as provided for herein.

(b) The Mayor and Town Council of Forest Heights is
hereby further authorized and empowered to borrow from
time to time on the faith and credit of the town, and under
limitation of the above-mentioned ten per centum of the
assessed valuation of real or personal property set forth
herein, a sum or sums of money at any time for the purpose
of paying for storm water or surface drainage improve-