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Proceedings of the House, 1904
Volume 408, Page 1735   View pdf image (33K)
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1904.] OF THE HOUSE OF DELEGATES. 1735

section 3 of Article 57 of the Code of Public General
Laws, title 'Limitation of Actions,' and to re-enact the
same with amendments."

Which was read the second time.

Also favorably with amendments.
House bill, File No. 789, entitled "An Act to pro-
vide an option in case of. the sale of the State stock in
the Annapolis Water Company for the Mayor Coun-
sellor and Aldermen of the City of Annapolis."

AMENDMENT PROPOSED.

Strike out all after "A bill" and insert the following
in lieu thereof:

"Entitled an Act to regulate the sale of the State
stock in the Annapolis Water Company.

"Whereas : The State of Maryland owns six hundred
shares of the capital stock of the Annapolis Water
Company, which is within fifteen shares of the con-
trolling interest in said company and whereas the
private individuals have from time to time besought the
board of Public Works to sell the states interest and
thus secure the monopolization of this public utility
and whereas the City of Annapolis is an original sub-
scriber and owns two hundred shares of said stock
and has spent in sewerage systems more than the
capital stock of said company, thus making it
possible for it to operate and return in dividends to
the state many more thousand dollars than the origi-
nal cost of its subscription therefore be it resolved by
the General Assembly of Maryland that the City of
Annapolis should be a preferred purchaser in case of
sale of the State's stock in said company:

"Section 1. Be it enacted by the "General Assem-
bly of Maryland that should (he Board of Public
Works determine it wise and best for the states in-
terests to sell its stock in the par value of fifty dollars,
then before disposing of it otherwise they shall offer
an option to the Mayor, Counsellor and Aldermen of
the City of Annapolis for sixty days."
"Section 2. And be it enacted that this Act shall
take effect from the date of its passage."

Which was adopted.

 

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Proceedings of the House, 1904
Volume 408, Page 1735   View pdf image (33K)
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