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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 4193   View pdf image (33K)
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QUEEN ANNE'S COUNTY. 4193

urer in bank in the name of "The Town Commissioners of Centreville,
Electric Plant Rate Fund," and shall be withdrawn only by checks signed
by the said treasurer, and countersigned by at least one other commis-
sioner of said corporation. All sums of money collected from the con-
sumers for electric service shall be first applied to the payment of all
expenses of running and maintaining said plant, repairing the same, and
to the cost of extending and enlarging the same from time to time to meet
the requirements of demands for electric service. The sums of money re-
maining and actually in hand on the first day of April of each year, after

allowance for expenditure mentioned above in this section, shall be applied
by said corporation to the payment of the interest on said bonds and to
the payment of said bonds as same shall fall due. All money received
from consumers for service as aforesaid shall be applied as directed by
this section and to no other purpose whatsoever. The Town Commission-
ers of Centreville are hereby authorized, empowered and directed to fix
and from time to time change the compensation said Treasurer shall receive
for the duties imposed upon him by this section, and said compensation,
together with the cost, if any, of the bond hereinafter mentioned, shall be'
paid out of the sums received from consumers of electric power and energy
for electric services and shall be considered part of the cost of mainte-
nance of said plant and shall be in addition to the other amounts allowed
to said Treasurer for his other duties. The said Treasurer, before enter-
ing upon the duties required of him by this act, shall give to the Town
Commissioners of Centreville a bond in such amount and with such sure-
ty or sureties as the Town Commissioners of Centreville shall determine
and approve, conditioned for the faithful performance of the duties im-
posed upon him by this act.

1912, ch. 29, sec. 10.

120. If at any time the revenue derived from the payment for said
electric service by consumers shall be insufficient to pay the expenses of
running and maintaining said plant, and repairing the same, then the
commissioners of said corporation are hereby authorized and empowered
to deposit from time to time in bank to the credit of the same account
mentioned in Section 119 of this Article, from the proceeds of the tax
they are now authorized and directed by law to levy for the use, improve-
ment and expenses of said town such sum or sums, not to exceed in the
aggregate in any one year two thousand dollars, as may be necessary, in
their judgment, to make up said deficiency; and the said sum or sums
so deposited shall be used in the payment of the expenses of running and
maintaining said plant, and repairing the same, and for no other pur-
pose whatsoever, and shall be withdrawn from bank in the same manner
as the other funds of said account are directed to be withdrawn by said
Section 119 of this Article.

1912, ch. 29, sec. 11.

121. The Town Commissioners of Centreville is authorized and em-
powered to pass all ordinances, not inconsistent with this act, that it may

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 4193   View pdf image (33K)
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