70 LAWS OF MARYLAND. [CH. 48

successor or successors. No bills or expenses incurred in the
management and operation of said plant or system shall be
paid except by check of the Treasurer countersigned by a mem-
ber of the Commission after said bills, except authorized weekly
payrolls and minor expenses of the plants, shall have been ap-
proved and ordered paid by the Commission. The Treasurer
shall have charge of all revenues arising from the system under
the control of the Commission, but all bank accounts of such
funds shall be in the name and to the credit of the utilities
Commission of St. Michaels. He shall keep a separate and
accurate account of all receipts and disbursements and shall an-
nually on or before the first day of February make a complete
and detailed report for the fiscal year, which shall begin on
January 1st, and end of December 31st, of each year, which
shall be audited by such committee or person as may be ap-
pointed by the Commissioners of St. Michaels and at such other
times as he may be required to do so by the Commission or by
the Commissioners of St. Michaels, he shall furnish any in-
formation desired. The Treasurer shall give such bond for the
faithful performance of his duties as the Commissioners of St.
Michaels shall require, the cost of which shall be paid by the
Commission and at the expiration of his term of office shall
turn over all money, books and papers belonging to his office to
his successor.

SEC. 3. The salary of each Utilities Commissioner as such
shall be $25. 00 per annum and such salaries shall be payable in
quarterly installments and each Commissioner, before assuming
the duties of his office, shall take the same oath as is now pre-
scribed for the other officers of the Town of St. Michaels and
said Commission shall meet for the transaction of business at
least once a month and at such other times as it may be deemed
necessary.

SEC. 4. The said St. Michaels Utilities Commission shall
be and they are hereby required to apply all revenues from the
electric plant or system to pay the expenses of properly keep-
ing up and operating said plant or system, and pay over the
surplus, if any remains, to the Commissioners of St. Michaels
semi-annually on or before the 31st day of May and the 30th
day of November in each and every year, to be used by the
Commissioners of St. Michaels for payment of interest and for
the redemption of the bonds bearing against the plant or sys-
tem; and if at any time the revenues shall be insufficient for
conducting and operating said electrical system, until the same