J. MILLARD TAWES, Governor                      997

55.    Budget authorizes levy.

From the effective date of the budget, the amount stated therein
as the amount to be raised by the property tax [shall] constitutes a
determination of the amount of the tax levy in the corresponding tax
year.

56.    Notice of tax levy.

Immediately after the levy is made by the council in each year,
the clerk-treasurer shall give notice of the making of the levy by
posting a notice thereof in some public place or places in the town.
He shall make out and mail or deliver in person to each taxpayer or
his agent at his last known address a bill or account of the taxes due
from him. This bill or account shall contain a statement of the
amount of real and personal property with which the taxpayer is
assessed, the rate of taxation, the amount of taxes due, and the date
on which the taxes will bear interest. Failure to give or receive any
notice required by this section shall not relieve any taxpayer of the
responsibility to pay on the dates established by this charter all taxes
levied on his property.

57.    When taxes are overdue.

The taxes provided for in Section 55 of this charter [shall be] are
due and payable on the first day of July in the year for which they are
levied and [shall be] are overdue and in arrears on the first day of the
following [November] October. They shall bear interest while in
arrears at the rate of one-half of one per centum (0.5%) for each
month or fraction of a month until paid. All taxes not paid and in
arrears after the first day of the following January shall be col-
lected as provided in Section 58.

58.    Sale of tax delinquent property.

A list of all property on which the town taxes have not been paid
and which are in arrears as provided by Section 57 of this Charter
shall be turned over by the clerk-treasurer to the official of the county
responsible for the sale of tax delinquent property as provided in
State law. All property listed thereon [shall], if necessary, shall be
sold for taxes by this county official, in the manner prescribed by
State law.

59.    Fees.

All fees received by an officer or employee of the town govern-
ment in his official capacity shall belong to the town government
and be accounted for to the town.

60.    Audit.

The financial books and accounts of the town shall be audited an-
nually as required by Section 40 of Article 19 of the Annotated Code
of Maryland (1957 Edition, as amended).

61.    Tax anticipation borrowing.

During the first six months of any fiscal year, the town [shall have
the power to] may borrow in anticipation of the collection of the
property tax levied for that fiscal year, and [to] may issue tax an-
ticipation notes or other evidences of indebtedness as evidence of
such borrowing. Such tax anticipation notes or other evidences of in-
debtedness shall be a first lien upon the proceeds of such tax and
shall mature and be paid not later than six months after the begin-