838 LAWS OF MARYLAND [CH. 441

To effectuate the improvements that are provided for
in this section, the Mayor and Council of the City of Car-
rollton are hereby authorized and empowered to borrow
from time to time on the credit of the Town, a sum or sums
of money not to exceed at any time, an amount equal to
fifteen (15%) per centum of the assessed valuation of all
real property within said Town, and to issue, renew, or
re-issue notes, bonds, or certificates of indebtedness there-
for, which shall be payable within not to exceed ten years
from the date of issuance, 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, and the Treasurer of the Town is charged with
the custody of any monies received from the sale of said
notes, bonds, or certificates of indebtedness as above men-
tioned. The Treasurer of said Town shall be charged
with the prompt collection of the monies arising from
sidewalks, curbs, gutters, streets, alleys, and drainage im-
provements, 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
Council may designate, and no part thereof shall ever be
used for any other purpose than to liquidate the notes,
bonds 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 ex-
penses incident thereto, until said notes, bonds, or certifi-
cates of indebtedness are paid in full, after which time any
accumulated interest or premium on said notes, bonds, or
certificates of indebtedness, may be used for general
municipal purposes as directed by the Mayor and Council.
The certificates, when paid, shall be cancelled and properly
kept and filed among the papers of said Town. The record
shown for certificates thus cancelled shall be entered upon
a book kept for the purpose aforesaid.

SEC. 16. And be it further enacted, That the Mayor
and Council of Carrollton shall have the power to assess
against the abutting property and collect from the owners
thereof, the cost of roadbeds, sidewalks, curbs, gutters,
alleys, and street improvements, or any or all, constructed
under the provisions of this Charter, including the cost of
street and public alley intersections, all construction costs
including that for drains and culverts where necessary,
excavation, preparation of preliminary plans, advertising
for bids for work as well as for the sale of bonds or
certificates of indebtedness, and all costs for the prepara-
tion of ordinances pertaining to the improvement of any