1746                             LAWS OF MARYLAND                        [CH. 818

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 149 (b) and Section 149 (d) of the Code of the Public
Local Laws of Prince George's County (Everstine Edition 1953)
legalized by Act of the General Assembly of Maryland, 1953, Chapter
339, approved April 6, 1953, effective June 1, 1953, Title—"PRINCE
GEORGE'S COUNTY," SUBTITLE "Brentwood," be and the same
is hereby repealed and re-enacted, with amendments, to read as fol-
lows:

149.

(b) The Mayor and Town Council of Brentwood are authorized to
borrow from time to time on the credit of the town, and under the
limitation of eight per centum of the assessed valuation of real
property as set forth in subsection (a) of this section, a sum or sums
of money not exceeding [fifteen thousand dollars ($15,000.00)]
thirty thousand dollars ($30,000) unpaid principal at any time for the
purpose of paying for storm water or surface drainage improve-
ments, or for the purpose of paying for the repairing or reconstruc-
tion of streets, sidewalks, curbs or gutters previously constructed
as provided for in Section 148 of this subtitle. For this purpose, the
Mayor and Town Council may issue serial annuity certificates of
indebtedness maturing not longer than twenty years from date, with
interest not to exceed six per centum, and with such annual principal
payments as may be fixed by the said Mayor and Town Council and
may sell said certificates of indebtedness at public or private sale for
the best price obtainable, the proceeds of which shall be paid to the
Town Treasurer and kept in a separate fund for the payment of said
improvements and repairs.

149.

(d) Provided, however, that when any of the aforesaid certificates
of indebtedness are retired or repaid the Mayor and Town Council
shall have the right to re-borrow for the purposes herein provided
the amount, or any part thereof, of such retired or paid certificates
of indebtedness, subject to the limitation that there shall not be
issued and outstanding at any one time more than the aforesaid
[fifteen thousand dollars ($15,000.00] thirty thousand dollars
($30,000.00) principal amount of the aforesaid certificates of
indebtedness.

SEC. 2. AND BE IT FURTHER ENACTED, THAT THE
EFFECTIVENESS OF THIS ACT SHALL BE SUBJECT TO THE
REQUIREMENT OF SECTION 5 OF ARTICLE HE OF THE
CONSTITUTION OF MARYLAND THAT NO SUCH LOCAL LAW
SHALL BECOME EFFECTIVE IN REGARD TO A MUNICIPAL
CORPORATION UNTIL AND UNLESS IT SHALL HAVE BEEN
APPROVED AT A REGULAR OR SPECIAL MUNICIPAL ELEC-
TION BY A MAJORITY OF THE VOTERS OF THAT MUNI-
CIPAL CORPORATION VOTING ON THE QUESTION.

Sec. 2 3. And be it further enacted, That SUBJECT TO THE
PROVISIONS OF SECTION 2 HEREIN this Act shall take effect
June 1, 1963.

Approved May 6, 1963.