4448

MUNICIPAL CHARTERS

assessed valuation, whichever is the lesser amount,
deducted from the assessed valuation of the property for
which such exemption is sought.] THE MAXIMUM MANDATORY
MINIMUM TAX CREDIT FROM REAL PROPERTY TAXATION AS DEFINED
AND ALLOWED UNDER THE PROVISIONS OF ARTICLE 81 SECTION
12F OF THE ANNOTATED CODE OF MARYLAND, 1969 REPLACEMENT
VOLUME AND 1973 CUMULATIVE SUPPLEMENT THERETO, AND ANY
FUTURE AMENDMENTS OF CHANGES THERETO ENACTED BY THE
MARYLAND LEGISLATURE; AND THE QUALIFICATIONS THEREFORE
SHALL BE THE SAME AS ESTABLISHED BY SAID ARTICLE 81
SECTION 12F FOR AGE, OWNERSHIP AND INCOME AS NOW
PRESCRIBED THEREBY OR LATER CHANGED BY THE MARYLAND
LEGISLATURE, EXCEPT THAT SAID PROPERTY TO BE EXEMPT MUST
BE LOCATED WITHIN THE CORPORATE LIMITS OF BOONSBORO AT
THE TIME OF APPLICATION.

(c) Restrictions. The Mayor and Council is
prohibited from granting an exemption or deduction
from assessment under this section in an amount
greater than [two thousand five hundred ($2,500.00)
dollars or fifty (50) percent of the assessed
valuation of the property for which the exemption is
sought Whichever is the lesser amount] AUTHORIZED
BY THE PROVISIONS OF SAID ARTICLE 81 SECTION 12F OF
THE ANNOTATED CODE OF MARYLAND AS NOW ENACTED OR
LATER CHANGED BY THE MARYLAND LEGISLATURE and the
Mayor and Council is prohibited from altering any of
the qualifications specified in sub-section (a)
hereof in such manner that a greater number of
persons would be entitled to the exemption than
would be entitled if such specified qualifications
were strictly applied, provided that nothing in this
section contained shall be construed as requiring
the Mayor and Council to grant any exemption
hereunder nor shall anything contained in this
section be construed as limiting the authority of
the Mayor and Council to tighten said
qualifications, [to impose other restrictions,] to
reduce said exemption figure or to repeal any
exemption previously granted.

SECTION 2. BE IT FURTHER RESOLVED that the date of
the adoption of this Resolution is October 8, 1974 and
this amendment shall become effective fifty days
thereafter unless on or before the fortieth day
thereafter there shall be presented to the Mayor and
Council of Boonsboro, or mailed to it by registered mail,
a Petition for referendum thereon in the form prescribed
in Article 23A Section 13(g) of the Annotated Code of
Maryland (1966 Replacement Volume); and provided this
amendment has been posted and advertized in conformance
with the provisions of said Article 23A Sections 13(d)
and (e) of the Annotated Code of Maryland; and further