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Session Laws, 1947
Volume 411, Page 551   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 551

(a) The word "City" means the municipal corporation of
the State of Maryland now known as "The Commissioners of
Cambridge", and shall include any governing body lawfully
designated as a substitute for or successor to said municipal
corporation as well as said municipal corporation itself if,
at any time, the name or title thereof shall be lawfully
changed.

(b) The word "project" mean an electric light and power
generating plant and distribution system, the construction,
maintenance and operation of which is herein authorized, in-
cluding, but without limiting the generality of the foregoing,
all lands, leases, franchises, rights, buildings, equipment, ma-
chinery, turbines, generators, engines and prime movers,
whether powered by gasoline, coal, oil or other substance,
poles, wires, conduits, transformers, tools, accessories, meters,
appliances and other property and facilities necessary to or
useful in the production of electric energy and power, its
transmission to all lawful points of consumption and the de-
termination and collection of charges therefor, together with
lamps and other facilities required for lighting the streets,
lanes, alleys, public places and public buildings of and in the
City.

(c) The term "cost of acquisition" means and shall include
the cost of acquiring by purchase at such price as may be
mutually agreed upon by the City and the owner or owners
thereof, any facilities now in use in the City necessary
to appropriate to, or which may properly be made a part of,
a project, including the cost of any lands, properties, rights,
easements and franchises, the cost of all machinery or equip-
ment included within the definition of a, project and includ-
ing all or only a part of a complete project, said term also
to embrace all costs incurred in financing the acquisition of
all or any part of a project as hereinafter authorized, the
costs of all engineering, legal or technical services necessary
in the acquisition of all or any part of a project.

(d) The term "cost of construction" means and shall include
the costs of improving, repairing, or modernizing all or part
of a project acquired hereunder and also means and shall
include the cost of building and assembling all or a part of a
project, the cost of all machinery, land, easements, rights of
way, equipment and material necessary to the construction of
all or any part of a project, financing charges, interest prior
to and during construction and for one year after the com-
pletion of construction, engineering and legal expenses, cost of
surveys, plans, specifications, estimates of construction cost
and of revenues, expenses necessary or incident to determining

 

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Session Laws, 1947
Volume 411, Page 551   View pdf image (33K)
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