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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 383   View pdf image (33K)
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ANNE ARUNDEL COUNTY. 383

nominate directors to said Annapolis Water Company and generally to
have and exercise such powers as stockholders have and exercise in private
corporations.

That the Mayor, Counselor and Aldermen of the City of Annapolis are
hereby authorized, empowered, directed and required to create a sinking
fund amounting to two thousand one hundred dollars per annum, to redeem
and retire said bonds at maturity, and to pay the interest thereon out of
the profits accruing to the said Mayor, Counselor and Aldermen of the
City of Annapolis on its stock in the Annapolis Water Company, and
said profits shall become a special fund to pay and discharge the obligations
recognized and authorized under this Act and maintain said plant, and
the balance may be devoted as the said Mayor, Counselor and Aldermen
may determine; which said sinking fund shall be equally divided and
deposited in equal instalments semi-annually in the Annapolis Banking
and Trust Company of Annapolis, the Farmers National Bank, of Annap-
olis, and the Annapolis Savings Institution, of Annapolis, upon which

deposits the said Annapolis Banking and Trust Company, of Annapolis,
the said Farmers National Bank, of Annapolis, and the Annapolis Savings
Institution, of Annapolis, shall allow interest thereon at the rate of not
less than three and one-half per centum (3 1/2%) per annum from the
date of such deposits, which interest shall be added to and form a part of
the sinking fund hereby created.

And the said Mayor, Counselor and Aldermen of the City of Annapolis
are hereby required and directed to maintain such a schedule of charges
for water furnished its customers by the Annapolis Water Company, to be
uniform in every particular, as will make the profits accruing to the said
Mayor, Counselor and Aldermen of the City of Annapolis, from its interest
in the Annapolis Water Company, sufficient in each and every year to

create and maintain the sinking fund to redeem and retire said bonds at
maturity and pay the interest thereon when and as the same may be due
and payable.*

A. A. Co. v. Annapolis, 126 Md. 447.

ANNE ARUNDEL COUNTY HOME.+

P. L. L., 1888, Art. 2, sec. 1. 1892, ch. 166. 1894, ch. 445. 1914 Code, sec. 1.

1916, ch. 661, sec. 1.

91. The County Commissioners shall on or before the first day of
July, 1916, appoint three men and three women Trustees of the Poor for
Anne Arundel County, their terms to begin July, 1916, and their terms to
be determined by lot; one man and one woman of the above named Trus-
tees shall be thus selected to serve for a period of two (2) years, one man
and one woman for a period of four (4) years, and one man and one

*Ch. 245, 1927, authorized the city to issue $250,000 of bonds for enlarging and
improving water works, and to levy taxes to pay interest on and to redeem said
bonds in case water receipts were not sufficient, subject to approval by the voters.

+To be called "Anne Arundel County Home," according to Chapter 32 of Acts
of 1906.

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 383   View pdf image (33K)
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