Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1958-04-03
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terest. Failure to give or receive
any notice required by this sec.
ton shall not relieve any tax
payer of the responsibility to paw
on the dates established by this
charter all taxes levied on his
property.
56. The taxes provided for in
Section "a of this charter shall be
due and payable on the first day
of July in the year for which they
are levied and shall be overdue
and in arrears on the first day
of the following November. They
shall bear interest while in
arrears at the rate of one-half
Of one per centum COS percent)
for each month or fraction of
month until paid. All taxes not
paid and in arrears after the
first day of the following Jan.
uary shall be collected as pro-
vided in Section 81.
81. A list of all property on
which the town taxes have not
been paid and which are in
arrears as provided by Section Sc
of this charter shall be turned
over by the clerk-treaSurer to the
official of the county respon-
sible for the sale of tax delin.
uuent property as provided in
State laws. All property listed
thereon shall if necessary be sold
for taxes by this county official,
in the manner prescribed by
State law.
So. All fees received by an
officer or employee of the town
government in his official capa-
city shall belong to the town gov
eminent and be accounted for to
the town.
SO. The financial books and ac-
counts of the town shall be
audited annually as REQUIRED by
Section "A of Article 10 of the
annotated Code of Maryland
(1951 Edition, as amended.
60. During the first six months
of any fiscal year, the town shall
have the power to borrow in an
ticipation of the collection of the
property tax levied for that fiscal
year, and to issue tax anticipa-
ton notes or other evidences of
Indebtedness as evidence of such
borrowing. Such tax anticipa-
ton notes or other evidences of
Indebtedness shall be a. first lien
upon the proceeds of such tax
and shall mature and be paid not
later than six months after the
beginning of the fiscal year in
which they are issued. No tax an
ticipation notes or other evil
dences of Indebtedness shall be
issued which will cause the total
tax anticipation Indebtedness of
the town to exceed fifty per
centum $50 percent) of the
property tax lew for the fiscal
year in which such notes or other
evidences of Indebtedness are
issued. All tax anticipation notes
or other evidences of indebted
ness shall be authorized by or
dinance before being issued. The
council shall have the power to
regulate all matters concerning
the issuance and sale of tax an
ticipation notes.
81. The power and obligation
of the town to paw any and all
bonds, notes, or other evidences
of Indebtedness issued by it
under the authority of this char
ter shall be unlimited and the
town shall levy ad valorem taxes
upon all the taxable property of
the town for the payment of such
bonds, notes, or other evidences
of indebtedness and interest
thereon, without limitation of
amount. The faith and credit of
the town is hereby pledged for
the payment of the principal of
and the interest on all bonds.
notes. or other evidences of in
debtedness. hereafter issued
under the authority of this char
ter, whether or not such pledge
be stated in the bonds. notes. or
other evidences of Indebtedness,
or in the ordinance authorizing
their issuance.
81. All bonds. notes. or other
evidences of Indebtedness valid
ly issued bv the town previous
to the effective date of this char.
ter and all ordinances Dassed
concerning them are hereby de.
clared to be valid. legal, and
binding and of full force and
effect as if herein fully set forth
SO. All purchases and contracts
for the town government shall be
made by the clerk-treasurer The
council may provide by ordinance
for rules and regulations regard.
ing the use of connective bid
ding and contracts for all town
purchases and contracts. All ex
penditures for supplies. mate.
rails. equipment, construction OF
public improvements. or con
tractural service involving more
than one thousand dollars
(S1000.000) shall be made on
written contract. TIL e clerk
treasurer shall be required to ad
vertise for sealed bids, in such
manner as may be prescribed by
ordinance. for all such written
contracts. Such written contracts
shall be awarded to the bidder
who offers the lowest or best
bid. quality of goods and work
time of delivery or completion
and responsibility of bidders
being considered All such writ
ten contracts shall be approved
bv the council before becoming
effective. The clerk treasure
shall have the right to reject all
bids and readvertise. The town
at any time in its discretion NAV
employ its own forces for the
construction or reconstruction OF