770 CARROLL COUNTY. [ART. 7.

at such periods and intervals as will furnish and "fully supply
with water the demands of the corporation and inhabitants
thereof at all times and all hours; and said joint stock water
company shall not receive said amount of one thousand eight
hundred dollars, nor any part thereof, unless they comply fully
with the provisions of sections 238 to 246, both inclusive, of this
Bub-title of this article.

1888, ch. 295.

241. In making the contracts with said joint stock water com-
pany they shall bind said company to make an itemized statement
annually of all their receipts, expenditures and indebtedness, and
exhibit the same to the mayor and common council.

Ibid.

242. In making the contracts with the said joint stock water
company they shall approve the schedule of all water rates, water
rents or water charges to be made by the said water company for
the use of water; and also approve the salaries, if any, of all the
officers of the joint stock water company and the schedule of rents
or charges so adopted; and the salaries so approved shall not be
changed by the said company without the consent and approval
of the mayor and common council.

Ibid.

243. In making said contracts with said joint stock water com-
pany they shall bind said company to receive and admit into the
board of directors or managers of said company two directors or
managers; said two directors or managers to be appointed annually
by the mayor and common council as their representatives, and
to have the same power and duties as the directors or managers
elected or chosen under and by virtue of the charter or by-laws
of said joint stock water company; provided, however, that
neither the mayor nor any member of the common council shall
be eligible as director or manager on the part of the town.

Ibid.

244. Whenever the said joint stock water company shall have
entered into the contracts with the mayor and common council
according to the provisions of the six preceding sections, and shall