There shall be a Treasurer appointed by the Mayor with the approval of the Council who shall serve at the pleasure of the Council. Compensation for the Treasurer shall be determined by the Council. The Treasurer shall be the chief financial officer of the Town. The financial powers of the Town, except as otherwise provided by this Charter, shall be exercised by the Treasurer under the direct supervision of the Council.
Under the supervision of the Mayor, the Treasurer shall have authority and shall be required to:
(a) 
Prepare an annual budget at the request of the Mayor and Council.
(b) 
Supervise and be responsible for the disbursement of all moneys and have control over all expenditures to assure that budget appropriations are not exceeded.
(c) 
Maintain a general accounting system for the Town in such form as the Council may require, not contrary to state law.
(d) 
Submit at the end of each fiscal year, and at such other times as the Council may require, a complete financial report to the Council.
(e) 
Ascertain that all taxable property within the Town is assessed for taxation.
(f) 
Collect all taxes, special assessments, license fees, liens and all other revenues, including utility revenues, of the Town, and all other revenues for whose collection the Town is responsible, and receive any funds receivable by the Town.
(g) 
Have custody of all public monies, belonging to or under the control of the Town, except as to funds in the control of any set of trustees, and have custody of all bonds and notes of the Town.
(h) 
Do such other things in relation to the fiscal or financial affairs of the Town as the Council may require or as may be required elsewhere in this Charter.
The Treasurer shall give bond in such amount and with such corporate surety as the Council by ordinance may require. The premiums on such bonds shall be paid by the Town.
The fiscal year of the Town shall begin on the first day of July in each year and shall end on the last day of June of the following year. Such fiscal year shall constitute the tax year, the budget year and the accounting year.
The Treasurer on such date as the Council shall determine, but at least 32 days before the beginning of any fiscal year, shall submit a budget to the Council. The budget shall provide a complete financial plan for the budget year and shall contain estimates of anticipated revenues and proposed expenditures for the coming year. The total of the anticipated revenues shall equal or exceed the total of the proposed expenditures. The budget shall be a public record in the office of the Treasurer, open to public inspection by anyone during normal business hours.
Before adopting the budget the Council shall hold a public hearing thereon. The Council may insert new items or may increase or decrease the items of the budget. Where the Council shall increase the total proposed expenditures it shall also increase the total anticipated revenues in an amount at least equal to such total proposed expenditures. The budget shall be prepared and adopted in the form of an ordinance. A favorable vote of at least a majority of the total elected membership of the Council shall be necessary for adoption.
No public money may be expended without having been appropriated by the Council. From the effective date of the budget, the amounts stated therein as proposed expenditures shall be and become appropriated to the several objects and purposes named in the budget.
Any transfer of funds between major appropriations for different purposes must be approved by the Council before becoming effective.
No official or employee shall, during any budget year, expend or contract 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 of transferred to that general classification of expenditure pursuant to this Charter. Any contract, verbal or written, made in violation of this Charter shall be null and void. Nothing in this section contained, however, shall prevent the making of contracts or the spending of money for capital improvements to be financed in whole or in part by the issuance of bonds, nor the making of contracts of lease or for services for a period exceeding the budget year in which such contract is made, when such contract is permitted by law.
All appropriations shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered. Any unexpended and unencumbered funds shall be considered a surplus at the end of the fiscal year and shall be included among the anticipated revenues for the next succeeding fiscal year.
All checks issued in payment of salaries or other municipal obligations shall be issued and signed by the Treasurer and shall be countersigned by the Mayor. At each monthly meeting of the Mayor and Council, the Treasurer shall present to the Council a complete list of all checks drawn against the funds of the Town for the previous month.
All real property and all tangible personal property within the corporate limits of the Town shall be subject to taxation for municipal purposes, and the assessment used shall be the same as that for state and county taxes. No authority is given by this section to impose taxes on any property which is exempt from taxation by any act of the General Assembly.
From the effective date of the budget, the amount stated therein as the amount to be raised by property tax shall constitute a determination of the amount of the tax levy in the corresponding tax year.
Immediately after the levy is made by the Council in each year, the Treasurer shall give notice of the making of the levy by posting a notice thereof in some public place or places in the Town. The Treasurer shall make out and mail or deliver in person to each taxpayer or agent at the last-known address, a bill or account of the taxes due. This bill or account shall contain a statement of the amount of real and personal property for which the taxpayer is assessed, the rate of taxation, the amount of taxes due and the date on which the taxes will begin to accrue interest. Failure to give or receive any notice required by this section shall not relieve any taxpayer of the responsibility to pay on the dates established by this Charter all taxes levied on his property.
Real property taxes. The taxes provided for in Section 612 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 October. They shall bear interest while in arrears at the rate prescribed by state law. All taxes not paid and in arrears after the first day of the following January shall be collected as provided in Section 616.
Personal property taxes. The personal property taxes provided for in Section 612 of this Charter shall be due and payable 30 days after the date they are billed. All taxes not paid within 90 days of the date they are billed shall be overdue and in arrears. They shall bear interest while in arrears at the rate prescribed by state law until paid. All taxes not paid in arrears one year after the date of the initial bill shall be collected as provided in Section 616.
A list of all property on which the Town taxes have not been paid and which are in arrears as provided by Section 615 shall be turned over by the Treasurer to the official of the county responsible for the sale of tax delinquent property as provided in state law. All property listed thereon shall if necessary be sold for taxes by this county official, in the manner prescribed by state law.
All fees received by an officer or employee of the Town government in his official capacity shall belong to the Town government and be accounted for to the Town.
The financial books and accounts of the Town shall be audited annually by a qualified accountant selected by the Council.
During the first six months of any fiscal year, the Town shall have the power to borrow in anticipation of the collection of the property tax levied for that fiscal year, and to issue tax anticipation notes or other evidences of indebtedness as evidence of such borrowing. Such tax anticipation 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 anticipation notes or other evidences of indebtedness shall be issued which will cause the total tax anticipation indebtedness of the Town to exceed 50% of the property tax levy for the fiscal year in which such notes or other evidences of indebtedness are issued. All tax anticipation notes or other evidences of indebtedness shall be authorized by ordinance before being issued. The Council shall have the power to regulate all matters concerning the issuance and sale of tax anticipation notes.
The Town shall have the power to borrow money for any proper public purpose and to evidence such borrowing by the issue and sale of its general obligation bonds in the manner prescribed in Sections 31 to 37, both inclusive, of Article 23A of the Annotated Code of the Public General Laws of Maryland (1957 Edition, as amended) title "Municipal Corporations," subtitle "Creation of Municipal Public Debt. Provided, however, that the limitations contained in Section 34(4) of such Article 23A shall not apply to the issuance of bonds, notes or other evidences of indebtedness by the Town of Myersville, but the Council shall have the option, in each instance, to determine whether any such bonds, notes or other evidences of indebtedness shall be sold at public sale as prescribed by such Section 34(4) or whether the same shall be sold by negotiation at private sale without solicitation or competitive bids. Provided, further, that prior to the authorization of any bonds, the Council shall hold a public hearing thereon. Notice of the public hearing shall be posted in a public place or places within the Town and shall be published in a newspaper having general circulation within the Town. Such notice shall contain the date, time and place of the meeting and the purpose of the proposed bond issue.
The power and obligation of the Town to pay any and all bonds, notes or other evidences of indebtedness issued by it 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 indebtedness, hereafter issued under the authority of this Charter, whether or not such pledge be stated in the bonds, notes or other evidences of indebtedness, or in the ordinance authorizing their issuance.
All bonds, notes or other evidences of indebtedness validly issued by the Town previous to the effective date of this Charter and all ordinances passed concerning them are hereby declared to be valid, legal and binding and of full force and effect as if herein fully set forth.
All purchases and contracts for the Town government shall be made under the direction of the Council. The Council may provide by ordinance for rules and regulations regarding the use of competitive bidding and contracts for all Town purchases and contracts. All expenditures for supplies, materials, equipment, construction of public improvements or contractual service involving more than $5,000 for any single project purchase or service shall be made on written contract as negotiated by the Council. All such written contracts shall be approved by the Council before becoming effective. The Town at any time in its discretion may employ its own forces for the construction or reconstruction of public improvements without negotiation. All written contracts may be protected by such bonds, penalties and conditions as the Town may require. All contracts involving professional services such as accounting, architecture, auditing, engineering, law, planning and surveying shall be negotiated by the Council.