452

LAWS OF MARYLAND.

SECTION 1. Be it enacted by the General Assem-

bly of Maryland, That the Mayor and Common

Council of Westminster are hereby authorized and

Make contract
with a joint

empowered to enter into, and make contract with,

stock water
company.

a joint stock water company, formed or to be here-

after formed, binding the corporate authorities of

Westminster 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 one thousand eight hundred dol-

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

How paid.

plans, surveys and estimates; the costs of purchasing

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

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 waterworks of sufficient capacity

to supply the demands of all the inhabitants of

Westminster for domestic and manufacturing pur-

poses, and for the extinguishment of fire and protec-

tion of property in said corporation; provided,

however, that said annual payments shall not begin

When pay-
ments begin.

until all the provisions of this section have been

complied with, and said town supplied with water

to the satisfaction of the Mayor and Common Coun-

cil thereof.

SEC. 2. And be it further enacted, That the

Mayor and Common Council of Westminster, in

making contracts with said joint stock water com-

pany, shall bind the said company to use its revenues,

Bin'1 company

incomes and receipts (except the money received

to use its rev-
enues, &c.

from the Mayor and Common Council to pay the

interest as hereinbefore mentioned upon the cost of

constructing the said water works) in the following

manner and order of disbursements: First, to pay

from said receipts the working expenses and expenses

of keeping the said water works in complete repair,

and thereafter with any unexpended balance from

said receipts, at the order of the Mayor and Common

Council, lay such additional water mains or pipes,

Pay additional
water mains.

and erect such additional fire plugs or hydrants, and

make such improvements as the Mayor and Common

Council may direct; and any unexpended balance

thereafter shall be credited to the account of the

Mayor and Common Council, and shall be deducted

from the amount to be paid the said joint stock water