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Session Laws, 1910 Session
Volume 487, Page 1319   View pdf image (33K)
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PRIVATE ACTS. 1319
CHAPTER 636.

AN ACT to release the Southern Telephone Company from all
taxes, State and County, now due and in arrears and to
exempt said company from taxation, both State and county,
for a period of five years, beginning January 1, 1910.

Whereas, The Southern Maryland Telephone Company is in-
solvent, owing to the damage to its lines caused by the sleet
storm of March, 1909, and

Whereas, The said company furnishes the only means of com-
munication in the sparsely settled section of Saint Mary's,
Charles and Prince George's Counties, and

Whereas, It is the earnest desire of all the residents in the
territory through which said company operates to endeavor to
continue the maintenance and operation thereof, they deeming
the telephone essential to the comfort and enjoyment of life and
tending greatly to enhance property values. Therefore;

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Southern Maryland Telephone Company be and
it hereby is released from all taxes, State and county, now due
by it and in arrears and that the said company be and it hereby
is exempted from taxation, both State and county, for a period
of two (2) years, beginning January 1, 1910.

Approved April 11, 1910.

CHAPTER 632.

AN ACT to extend and enlarge the powers and privileges of the
"Farmers Bank of Somerset County," a corporation formed
under the provisions of the Public General Laws of Mary-
land.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Farmers Bank of Somerset County, a corpora-
tion duly formed under the provisions of the Code of Public
General Laws of Maryland, in addition to the powers and
privileges conferred upon it by its certificate of incorporation,
which is hereby ratified and confirmed, shall have the further
rights, privileges and powers particularly mentioned in this
Act. Provided, however, that said company shall be subject to
the provisions of Article 11 of the Public General Laws of this
State, title "Banks," and any amendments thereof and the
liability of the stockholders thereof shall at all times be deter-
mined by the laws of the State in force at the time the said
liabilities may attach; and further provided that said company
shall not be subject to Article 3, Section 25 of said Article.


 

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Session Laws, 1910 Session
Volume 487, Page 1319   View pdf image (33K)
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