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Session Laws, 1953
Volume 606, Page 500   View pdf image (33K)
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500 LAWS OF MARYLAND [CH. 267

law. The Mayor and Common Council shall have the power
to make all necessary regulations to carry out the objects
and purposes of this section and the Mayor and Common
Council shall have full power to adjust assessments against
particular properties made pursuant to this section where
it is proved to the satisfaction of said Mayor and Com-
mon Council that the assessment is, or the proposed assess-
ment would be, unjust and inequitable, anything in this
section to the contrary notwithstanding; provided, how-
ever, that before the Mayor and Common Council shall
make any adjustments of assessments hereunder, at least
four affirmative votes shall be cast and recorded in the
minutes for such adjustments.

(b) To effectuate the improvements that are provided
for in this section, the Mayor and Common Council of the
Town of College Park are hereby authorized and empow-
ered to borrow from time to time on the credit of the
Town a sum or sums of money not to exceed at any time
any amount equal to [three per cent (3%)] six per cent
(6%)
of the assessed valuation of all real property within
said Town, and to issue, renew, or reissue notes or certifi-
cates of indebtedness therefor, which shall be payable
within not to exceed ten years from the date of issuance,
with interest not to exceed the rate of 6% per annum
payable semi-annually unless of shorter duration, then at
the maturity of said obligation, and the Treasurer of the
Town is charged with the custody of any monies received
from the sale of said notes or certificates of indebtedness
as above mentioned. The Treasurer of said Town shall
be charged with the prompt collection of the monies aris-
ing from sidewalks, curbs, gutters, streets and drainage
improvements and shall be charged with the safekeeping
thereof and the said funds shall be kept as a separate
account and fund in such bank or banks as the Mayor and
Common Council may designate, and no part thereof shall
ever be used for any other purpose than to liquidate the
notes or certificates of indebtedness and pay the interest
thereon issued for the costs and the necessary expenses
in the construction of sidewalks, curbs, gutters and road-
bed and street improvements, including the necessary
expenses incident thereto. The certificates when paid shall
be cancelled and properly kept and filed among the papers
of said Town. The record shown for certificates thus can-
celled shall be entered upon a book kept for the purpose
aforesaid.

SEC. 2. And be it further enacted, That this Act is
hereby declared to be an emergency measure and neces-


 

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Session Laws, 1953
Volume 606, Page 500   View pdf image (33K)
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