338

LAWS OF MARYLAND.

CHAP. 216

the interest thereon and the operating expenses and neces-
sary repairs to said plant in each year. Until said bonds
shall be paid off, the said taxes shall be paid to the said
Mayor and Common Council, or their proper officer, ap-
pointed by them, and the amount levied for this purpose
shall be in addition to the amount now authorized by law.
The moneys from electric light and power plant shall be first
applied to payment of current expenses of said plant;
secondly, to payment of interest on bonds; and thirdly, as
to balance, to provide a sinking fund for the payment of
said bonds; and whenever any bond is paid off, it shall be
immediately burned by the clerk to the said Mayor and
Common Council, in the presence of the Mayor, and the fact
noted in the registration book, as hereinbefore required.

SEC. 5. And be it enacted, That the title to said electric

Title to vest in
mayor and
common
council.

light and power plant, so constructed, erected or purchased
with the bonds, wires, machinery, privileges, franchises,
tools, materials thereto appertaining or belonging and the
lands upon which said plant is located shall vest in the said
Mayor and Common Council of Union Bridge, in their
corporate capacity; and the said Mayor and Common Council
shall have full control over the said electric light and power
plant with authority to employ such superintendents, work-
men or other employes as may be necessary or proper to
carry on the same, and to purchase all supplies and materials
needed in constructing or conducting the same, and also to
provide rules and regulations for the supplying the said
town with electric light, and to fix and establish from time
to time a schedule of rates and charges to be made and col-
lected for the use of electric light by private consumers.

SEC. 6. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved March 30, 1906.