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Session Laws, 1939
Volume 581, Page 727   View pdf image (33K)
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HERBERT R. O'CONOR? GOVERNOR. 727
CHAPTER 335.
(Senate Bill 384)

AN ACT to repeal and re-enact with amendments Section
224 of Article 21 of the Code of Public Local Laws of
Maryland, title "Talbot County", sub-title "Easton", as
amended by Chapter 476 of the Acts of the General
Assembly of 1931, Chapter 493 of the Acts of 1933 and
Chapter 267 of the Acts of 1937, to provide for payment
of operating profits from the municipal electric plant
into the general funds of Easton under certain circum-
stances.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 224 of Article 21 of the Code of
Public Local Laws of Maryland, title "Talbot County", sub-
title "Easton", as amended by Chapter 476 of the Acts of
the General Assembly of 1931, Chapter 493 of the Acts of
1933 and Chapter 267 of the Acts of 1937, be, and the same
is hereby repealed and re-enacted, to read as follows:

224. The said Easton Utilities Commission shall be and
is hereby directed and required to apply all the water rents
and other revenues which may be derived from the water
works and the revenue from the sewers, electric plant, gas
plant and any other utility or utilities, if any there be, to
pay the expenses of properly keeping up and operating said
systems or plants, respectively, as directed by this Act, and
shall, out of the gross revenue of such of the said munic-
ipally owned revenue producing utilities upon which there
be a bonded indebtedness, pay over to the Mayor and
Council of Easton before the same shall become due and
payable such sum or sums as may, respectively, be required
for the payment of interest and for the redemption of the
bonds bearing against each system or utility, which pay-
ments are to be continued through such period or periods
as there may be outstanding bonds bearing against such
system or utility; and if at any time the revenue shall be
insufficient, as may be determined by the said Easton
Utilities Commission, for conducting and operating the
said water works, sewerage system or electric plant, gas
plant or other utilities, then said Easton Utilities Commis-
sion shall have authority and are hereby empowered to
borrow for the utility or utilities of which the revenues
are insufficient from the funds of any other utility having
a surplus in hand and/or to draft upon the Mayor and
Council to meet such deficiency and said Mayor and Council


 

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Session Laws, 1939
Volume 581, Page 727   View pdf image (33K)
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