THEODORE R. MCKELDIN, GOVERNOR 577
and shall be collected by the Treasurer of the Town, as
hereinafter set forth. All front foot assessments and all
sewer service charges shall run for a period of years co-
extensive with the period of maturity of the bonds out of
the proceeds of which such construction was done; pro-
vided, however, that any owner of property in the indus-
trial or business, institutional, or sub-division class may,
at his option, extinguish at any time said front foot assess-
ment by the payment in cash of an amount which, if put
at interest at 3½% per annum, compounded annually,
would yield an annuity equal to the front foot assessment
for the period for which the bonds have, at the time the
option is exercised, still to run. The Town may at any time
permit a connection with a sewer main by a property
owner whose property does not abut on said sewer main,
provided the Town shall first determine the classification
of said property as though his property abutted on said
sewer main and establish a reasonable and fair frontage
for said property for the purpose of computing the front
foot assessment on said property, and in event of such
connection being made, said front foot assessment shall in
every respect stand in the same position as if said property
abutted on said main. All front foot assessments and sewer
service charges shall be and constitute a lien upon the
property chargeable with the same until paid. Said lien
shall be superior to any and all other liens against the
property chargeable therewith, subject only to prior public
taxes, charges or assessments for State, County and
Municipal purposes of any kind or nature whatsoever
levied or charged against the property. The lien herein
provided for shall have priority of payment from the
proceeds of the sale of any property chargeable therewith,
subject only to the preferences of taxes provided by Section
201 of Article 81 of the Annotated Code of Maryland (1951
Edition). All such front foot assessments and sewer
service charges shall be due, if payable annually, at the
same time as municipal taxes, shall be subject to the same
discounts, interest and penalties as municipal taxes and
shall be collected by the Treasurer of the Town in the same
manner as municipal taxes are collected. In addition to,
but not in substitution of the aforegoing remedies, when-
ever the Town may deem it necessary and advisable, it is
empowered to authorize and order the Treasurer of the
Town to proceed in his own name as such treasurer to
enforce the lien of front foot assessments^ and sewer service
charges on any particular property specified in such order,
by a bill in equity or to collect said assessments and
19
|
![clear space](../../../images/clear.gif) |