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CHAP. 821
Manner of
paying park
tax.
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from the date, or respective dates, of passage of said ordi-
nance or ordinances be payable and paid by the said United
Railways and Electric Company of Baltimore, its successors
and assigns to the Mayor and City Council of Baltimore, as
follows : For the first three years of said period of eleven
years the gross receipts of said company from its lines on
the bed or beds of the public highway or highways covered
by said ordinance or ordinances shall be exempt from said
park tax as at present ; for the fourth year of said period of
eleven years they shall be subject to said park tax at the rate
of one per centum ; for the fifth year to said park tax at the
rate of two per centum ; for the sixth year to said park tax at
the rate of three per centum ; for the seventh year to said
park tax at the rate of four per centum ; for the eighth year to
said park tax at the rate of five per centum ; for the ninth year
to said park tax at the rate of six per centum ; for the tenth
year to said park tax at the rate of seven per centum ; for
the eleventh year to said park tax at the rate of eight per
centum, and thereafter to said park tax at the general rate of
nine per centum each year, as now prescribed and regulated,
as aforesaid, by said Sections 797-800, both inclusive, of
Article 4, entitled " City of Baltimore," of the Code of Pub-
lic Local Laws of Maryland, or at such other rate or rates
as may be hereafter prescribed by law ; provided, however,
that the franchise or right so granted to the United Railway
and Electric Company of Baltimore, its successors and
assigns, in said roads, or any of them, may, in the discre-
tion of the board of estimates, so far as the same may be
now perpetual, be in perpetuity ; provided, however, that
nothing herein shall be construed to make perpetual, or to
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Proviso.
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grant in perpetuity, any franchise or right whatsoever (as a
franchise or right in perpetuity) which heretofore has not
been owned or enjoyed by the said United Railways and
Electric Company of Baltimore as and for a right perpetual,
or franchise or right in perpetuity.
SEC. 2. And be it further enacted, That in view of the
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Compensation
fixed for
franchise.
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fact that the beds or parts of beds of said roads, or some of
them, are now occupied by the United Railways and Elec-
tric Company of Baltimore, and its rights in such roadbeds,
or parts of roadbeds, are proposed to be acquired by the
Mayor and City Council of Baltimore for the sole purpose
of securing for the public the unconditional use thereof as
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