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Session Laws, 1904
Volume 209, Page 627   View pdf image
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EDWIN WARFIELD, ESQ., GOVERNOR.

627

any particular. Any and all bids or parts of bids for any such

 

work or supplies or materials may be rejected by said com-

 

mission.

 

SEC. 6. And be it enacted. That in order to provide money

 

for the projection, construction and establishment of said sew-

 

erage system the Mayor and City Council of Baltimore is

 

hereby authorized to issue the stock of said corporation for a

Providing
money by is-

sum not exceeding ten million dollars ; said stock to be issued

suance of
bonds.

from time to time as the Mayor and City Council of Baltimore

 

shall by ordinance prescribe, and to be issued for such amounts

 

and to be payable at such time and to bear such rate of

 

interest as the Mayor and City Council of Baltimore shall by

 

ordinance provide. Said stock shall be sold and issued by

 

the Commissioners of Finance of the City of Baltimore at

 

the best prices obtainable in their judgment therefor, and any

 

premiums derived from the sale thereof shall remain in their

 

hands as part of the sinking fund hereinafter mentioned for

 

the redemption of said stock at maturity. The residue of the

 

money received from the sale of said stock shall be turned over

 

by them to the Comptroller, to be by him deposited with the

 

City Register, and to be placed to the credit of a fund to be

 

known as the "New Sewerage System Fund," which shall

 

be exclusively applicable to the cost of the work authorized

"New Sewer-

by this Act, and shall be chargeable with no other items of

age System

cost or expense whatsoever. Appropriations for the cost of

Fund."

said work, based upon the estimates of said commission, shall

 

be annually included by the Board of Estimates in the usual

 

way in the Ordinance of Estimates, and upon the written

 

requisitions, supported by proper vouchers of the chairman

 

of said commission, or of the chairman pro tempore of said

 

commission, countersigned by the secretary of said commission,

 

or by the secretary pro tempore of said commission, either

 

of which officers of said commission is hereby authorized to

 

appoint bv vote or resolution in the event of the absence, sick-

 

ness or other disability for the time being of its chairman

 

or secretary, respectively, the Comptroller shall draw his war-

 

rants upon the City Register, payable out of such appropria-

 

tions from said special fund for the amounts of all items of

 

cost or expense properly chargeable upon said special fund.

 

But said stock shall not be issued, in whole or in part, unless

 

the ordinance of the Mayor and City Council of Baltimore

 

providing for the issuance thereof shall be submitted to the

 

legal voters of the City of Baltimore at such time and place

 

as may be fixed by said ordinance, and be approved by a major-

 

ity of the rotes cast at such time and place as required by See-

 


 
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Session Laws, 1904
Volume 209, Page 627   View pdf image
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