Garrett Park                                    2175

anticipated revenues. The budget shall be prepared and adopted in the
form of an ordinance.

Section 54-33. Appropriations.

No public money may be expended without having been appropriated
by the Council. From the effective date of the budget, the several amounts
stated therein as proposed expenditures shall be and become appropriated
to the several objects and purposes named therein. The Council may ap-
propriate funds from the reserve provided in the budget from time to
time during the fiscal year to meet extraordinary or unanticipated expen-
ditures that may occur. Any transfer of funds between major appropria-
tions for different purposes must be approved by the Council before be-
coming effective.

Section 54-34. Over expenditures Forbidden.

No officer or employee during any budget year may expend or con-
tract to expend any money or incur any liability or enter into any contract
which by its terms involves the expenditure of money for any purpose, in
excess of the amounts appropriated for or transferred to that general clas-
sification of expenditure pursuant to this charter. Any contract, verbal or
written, made in violation of this charter is null and void. Nothing in this
section contained, however, prevents the making of contracts or the spend-
ing of money for capital improvements to be financed in whole or in part
by the issuance of bonds, nor the making of contracts or lease or for
services for a period exceeding the budget year in which the contract is
made, when the contract is permitted by law.

Section 54-35. Appropriations Lapse after One Year.

All appropriations lapse at the end of the budget year to the extent
that they are not expended or lawfully encumbered. Any unexpended and
unencumbered funds shall be considered a surplus at the end of the budget
year and shall be included among the anticipated revenues for the next
succeeding budget year.

Section 54-36. Checks.

All checks issued in payment of salaries or other municipal obligations
shall be issued and signed by the clerk-treasurer and shall be counter-
signed by the mayor.

Section 54-37. Taxable Property.

All real property and all tangible personal property within the cor-
porate limits of the Town is subject to taxation for municipal purposes, and
the assessment used for real property shall be the same as that for State
and county taxes.

Section 54-38. Budget Authorizes Levy.

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

Section 54-39. 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