3923

RIVERDALE

shall be borrowed for no longer period than shall be
sufficient to collect the special assessments provided
for; said certificates of indebtedness shall be full and
complete general obligations of the Town of Riverdale and
shall be payable first from the special assessments
levied under the provisions of this section; and in the
event of any deficiency occurring in the amount received
from said special assessment, the Council shall and it is
hereby directed to make up such deficiency by paying the
same from the general revenues of the city. Certificates
of indebtedness herein authorized may be issued at the
discretion of the Council and without being submitted to
a vote of the taxpayers.

—21.117. Reconstruction or repairs

If after 10 years following the construction of any
public improvement it be necessary, in the judgement of
the Mayor and Council, to reconstruct said work or make
permanent repairs thereto, such reconstruction or repairs
may be authorized and directed by the Council under the
provisions of this section and all or any part of the
cost thereof, but not less than 25 per cent, assessed in
accordance herewith. This section shall be applicable to
any existing public work.

—24.12. Drainage Assessment
—24.121. Borrowing power

The Mayor and Common Council of Riverdale for the
purpose of meeting the Town's share of the cost of the
construction of a storm water or surface drainage system
within the town, are authorized to borrow in their
discretion not to exceed two hundred thousand dollars
($200,000) on the faith and credit of the town and to
issue bonds or promissory notes therefor which shall
become direct obligations of the municipality.

-24.122. Form of bonds

The Mayor and Common Council shall by ordinance or
resolution prescribe the form and tenor of such bonds or
notes at the prevailing rate of interest or a rate
established by competitive bids which may be paid
thereon, the date or dates of issuance and the time and
place at which the interest and principal of the bonds or
notes shall be paid and all other rules and regulations
as set forth in Art. 23A, Annotated Code of the State of
Maryland.

-24.123. Drainage tax

The Mayor and Common Council of Riverdale shall