720

LAWS OF MARYLAND.

CHAPTER 457.

AN ACT to authorize and empower the Mayor and

City Council of Hagerstown to make a contract

with a joint stock water company, hereafter to be

formed, for the supply of water to said town, and

to levy taxes to pay said company according to

the terms of said contract.

WHEREAS the corporation of Hagerstown, as well

as the inhabitants thereof, are inadequately supplied

with water, and with a view to encourage and to aid

Preamble.

the formation of a joint stock water company with

ample capital to construct water works, and furnish

such supply of water as may be required by the said

corporation and inhabitants thereof; therefore,

SECTION 1. Be it enacted by the General Assembly

of Maryland, That the Mayor and Council of Ha-

gerstown are hereby authorized and empowered to

enter into and make contracts with a joint stock

water company, to be hereafter formed, binding the

corporate authorities of Hagerstown to pay, annually,

to such joint stock water company, the interest at

the rate of six per centum per annum, provided said

interest shall not exceed the sum of four thousand

dollars, to be paid annually, upon the costs of making

Joint stock

plans, surveys and estimates, the costs of purchasing

water compa-

lands, buildings, water rights, rights of way, the

ny.

costs of erecting and constructing buildings and

machinery, laying mains and pipes, and erecting

reservoirs and plugs for fire purposes, and the entire

cost of completing water works of sufficient capacity

to supply the demands of all the inhabitants of Ha-

gerstown for domestic and manufacturing purposes,
and for the extinguishment of fire and protection of

property in said corporation ; provided, however,

that said annual payments shall not begin until all

the provisions of this section have been complied

with, and said town supplied with water to the sat-

isfaction of the mayor and council.