722

LAWS OF MARYLAND.

prove the schedule of all water rates, water rents

or water charges to he made by the said water com-

pany 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 salaries so approved, shall not he

changed by the said company without the consent

and approval of the Mayor and Council of Hagers-

town.

SEC. 6. And be it further enacted, That the mayor

and council in making said contract with said

joint stock water company, shall bind said company

to receive and admit into the board of directors or

managers of said company, two directors or mana-

Appoint two
directors.

gers said two directors or managers to be appointed,
annually by the mayor and council as their repre-

sentatives, and to have the same power and duties

as the directors or managers elected or chosen un-

der 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

council shall be eligible as director or manager on

the part of the town.

SEC. 7. And be it further enacted, That when-

ever the said joint stock water company shall have

been formed, and entered into the contracts with

the Mayor and Council of Hagerstown, according

to the provisions of this act, and shall have erected

water works and supplied the corporation of Hagers-
town and the inhabitants thereof with water, and

shall so increase their receipts and income as to be

When to re-
lease.

able to pay their working expenses, repairs, im-
provements, and such additional water pipes and

plugs as may have been ordered by the mayor and

council, as hereinbefore provided for, and at the same

time credit the mayor and council with a sum suf-

ficient to reduce the amount of interest to be paid

annually to the company, by the mayor and council,

to the sum of one thousand dollars, then the mayor

and council shall release the said joint stock water

company from crediting them, the said mayor and

council, with any greater sum.