The Mayor and Town Council shall have the power to levy and collect ad valorem taxes and taxes on assessments made on all property, real and personal, within the Town to provide the funds necessary to pay the costs of the operation and administration of the Town and its government, and to pay the principal and interest, coming due on any indebtedness incurred by the Town pursuant to § C6-102, without limitation as to rate or amount, and the Mayor and Town Council shall have the authority to set a levy, and affix the date thereof, and to direct the Clerk to collect said taxes. Said taxes shall be due and payable upon the date set by the Mayor and Town Council, in accordance with law, and on all taxes paid in full before the said date, the Mayor and Town Council may, in its discretion and by its resolution, allow a discount or make such other adjustments as to it may seem appropriate as long as the same be in accordance with any other governing law.
A. 
The Mayor and Town Council of Oakland shall have the power to borrow money for any proper public purpose and to evidence such borrowing by the issuance and sale of its general obligation bonds, notes or other evidences of indebtedness in the manner prescribed in this section.
B. 
As determined by and provided in the authorizing ordinance of the Mayor and Town Council, the bonds, notes or other evidences of indebtedness of the Town may be issued and sold:
1. 
By private (negotiated) sale without advertisement or solicitation of competitive bids or by the solicitation of competitive bids at public sale after publication of the notice of sale in the manner prescribed by public general law;
2. 
For a price or prices which may be at, above or below the par value of the bonds, notes or other evidences of indebtedness;
3. 
At a rate of interest or rates of interest that may be fixed or variable or may be determined by a method approved by the Mayor and Town Council; and
4. 
For either cash or other valuable consideration.
C. 
The Town may enter into agreements with agents, banks, fiduciaries, insurers or others for the purpose of enhancing the marketability of or as security for the bonds, notes or other evidences of indebtedness and for securing any tender option granted to holders thereof.
D. 
The power and obligation of the Town to pay any and all bonds, notes or other evidences of indebtedness issued by it under the authority of this section 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 as to rate or amount. The full 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 indebtedness, hereafter issued under the authority of this section, whether or not such pledge be stated in the bonds, notes or other evidences of indebtedness, or in the ordinance authorizing their issuance.
[Amended 12-3-2007 by Res. No. R2007-12]
All taxes, fees and/or assessments levied or charged by the Mayor and Town Council shall be a lien on any and all property for which they are levied, from the date of said levy, whether the owner or owners of said properties are residents or nonresidents of the Town, and whether adult or infant, and in the event of delinquency in the payment of said taxes, the Clerk, or designee, as tax collector, with the assistance of the Town Attorney, may sell such real estate for the payment of taxes by complying with applicable state law governing the same. The Clerk, or designee, in the name of the municipal corporation, shall also have the right to record said lien among the Land Records of Garrett County, Maryland, and to proceed against any person or persons or any property to obtain a judgment for any delinquent taxes, fees and/or assessments, and said lien, levy, assessment or judgment shall be treated as any other tax, shall be collectible as such and shall constitute a lien on the property regarding which the tax was levied, whether or not so recorded.
The Clerk, as tax collector, shall collect and pay over to the Town all taxes, fees and assessments collected for or on behalf of the Mayor and Town Council, and shall do so on a monthly basis. On all taxes remaining unpaid after the first day of October next following any levy, the Clerk shall charge and collect interest from the first day of October at the legal rate not in excess as provided by state law, unless otherwise provided for in this Charter, to be accounted for with the tax, and said interest shall be due and collectible in accordance with state law.
For purposes of the Oakland tax levy, the assessed value of all property within the boundaries of the municipal corporation shall be the same as the property is assessed for purposes of the county taxes by the Maryland Tax Collector.
The Mayor and Town Council, by its ordinance, shall have the power to levy a tax on dogs, and the amount of said tax shall be within the sound discretion of the Mayor and Town Council as adopted by ordinance.