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Session Laws, 1916
Volume 534, Page 138   View pdf image (33K)
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138 LAWS OF MARYLAND. [CH. 84

ing engine and electric generator, to replace one of the steam
units now in use in said plant;

AND WHEREAS, the said municipal corporation, the Town
Commissioners of Centreville, is without sufficient funds with
which to purchase and install the said oil burning engine and
electric generator, and is without the power to procure the nec-
essary funds therefor;

Now, therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the said municipal corporation, the Town Commis-
sioners of Centreville, be and it is hereby authorized and em-
powered to borrow, upon the faith and credit of said municipal
corporation, the sum of Eighty-Five Hundred Dollars ($8, 500),
or so much thereof as may be necessary, for the purpose of
purchasing and installing an oil burning engine and electric
generator, together with the necessary equipment for operating
the same, including an oil storage tank and pipe line, the said
engine and generator to be installed and used in connection
with the operation of the light, heat and power plant of the
said municipal corporation to replace one of the present steam
units in said plant, and to execute the promissory notes of the
said municipal corporation, the Town Commissioners of Cen-
treville, for the amount so borrowed. The said promissory
notes shall bear date the first day of June, nineteen hundred
and sixteen, and shall be drawn in such amounts and be pay-
able at such times, not exceeding six months from said date,
as the said municipal corporation shall in its discretion deter-
mine, but the total amount of the said promissory notes shall
not exceed the aforesaid sum of Eighty-Five Hundred Dollars
($8, 500). And the said municipal corporation, the Town Com-
missioners of Centreville, is hereby further authorized and em-
powered, for and during a period of not exceeding four years
from and after the said first day of June, nineteen hundred
and sixteen, to renew the said promissory notes as they mature
from time to time, in whole or in part, until all of said promis-
sory notes and the interest to accrue thereon have been fully
paid, but no renewal note shall be so drawn as to be payable
more than six months from its date. No renewal note shall be
so drawn as to fall due after the first day of June, nineteen
hundred and twenty, and no renewal note shall be given by said
municipal corporation after the said first day of June, nineteen
hundred and twenty.

 

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Session Laws, 1916
Volume 534, Page 138   View pdf image (33K)
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