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The Maryland Code, Public Local Laws, 1888
Volume 390, Page 1984   View pdf image (33K)
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1984 WASHINGTON COUNTY. [ART. 22.

of one thousand dollars made by said mayor and council to the
said company as hereinbefore provided in section 212, shall ex-
ceed the working expenses, cost of repairs, improvements and
additional water pipes and plugs that may have been ordered by
the mayor and council, as well as six per centum upon the capital
stock of said water company, then such excess shall be paid to the
treasurer of said town, to be applied to reimburse the said mayor
and council for all annual sums in excess of one thousand dollars-
per annum advanced or paid by said mayor and council as inter-
est.

1880, ch. 457.

214. They shall also bind said joint stock water company to
make its shares of capital stock of the par value of ten dollars;
and the said joint stock water company, after having advertised
in the town newspapers the time and place where subscriptions to
said stock can be made, shall offer to the citizens of Hagerstown
such capital stock for subscription thereto, in amounts not greater
than fifty shares to any one subscriber, for at least three weeks
after the formation of such joint stock water company.

Ibid.

215. They are authorized and directed to levy, annually, upon
the taxable property within the corporate limits of Hagerstown, a
water tax, to be levied and collected the same as other corporation
taxes are levied and collected; and the said taxes levied and
collected for a water tax shall be kept as a separate fund, and
shall not be used for any other purpose than to pay said joint
stock water company the interest on the cost of constructing
water works as hereinbefore provided; and the mayor and coun-
cil shall levy annually, and collect for this purpose, the sum of
four thousand dollars, or so much thereof as may be necessary, to
carry out the provisions of section 206.

Ibid.

216. They are authorized and empowered, whenever they
deem it expedient, to levy and collect, in the same manner as
other corporation taxes are levied and collected, the sum of five
hundred dollars, and to expend so much thereof as may be neces-
sary to employ a competent engineer to make surveys, plans and

 

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The Maryland Code, Public Local Laws, 1888
Volume 390, Page 1984   View pdf image (33K)
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