|
Shall not
consolidate
with other
corporation.
|
companies or corporations chartered or to be chartered under
the laws of this State to enter in to any agreement with this
company which shall be for the common benefit and will pro-
mote the objects, designs and purposes thereof; provided,
that such agreement shall not extend to authorize a consoli-
dation with any other company of a like nature or character
by the corporation hereby formed.
SEC. 13. And be it further enacted, That said corporation
shall be subject at all times to the provisions of the Act of
eighteen hundred and ninety-two, Chapter one hundred and
nine, and to the Act of eighteen hundred and ninety-two.
Chapter two hundred and seventy-nine, and to the Act of
eighteen hundred and ninety-eight, Chapter two hundred and
twenty-eight, or any amendments or supplements thereto.
SEC. 14. And be it further enacted, That this Act shall take
effect from the date of its passage.
Approved April 10, 1900.
CHAPTER 718.
AN ACT to provide for the construction of a new reservoir,
or the rebuilding of the old reservoir belonging to the water
works of the town of Frostburg, in Allegany County, and to
authorize the Mayor and Councilmen of said town to issue
bonds to pay the costs thereof.
|
|
Allegany Co.
Frostburg.
Authority to
issue coupon
bonds, etc.
|
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That, for the purpose of furnishing the inhabitants of
the town of Frostburg, in Allegany County, with a better
supply of good water, the Mayor and Council of said town are
hereby authorized and empowered to issue coupon bonds of
said town to an amount not exceeding ten thousand dollars,
which said bonds shall be signed by the Mayor and Clerk of
said town, and attested with the corporate seal thereof, and
shall be denominated "Frostburg Water Bonds, Second Issue,"
and bear interest not exceeding six per centum per annum,
payable semi-annually, to be issued in denominations not ex-
ceeding five hundred dollars, and to be payable at a time not
exceeding thirty years after their date, and redeemable at the
pleasure of the corporation, at any time after five years from
their date.
|
|
Authority to
sell said
bonds.
|
SEC. 2. Be it enacted, That the said Mayor and Councilmen
of Frostburg are hereby authorized and empowered after they
shall have prepared and signed said bonds to sell and dispose
|
