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Session Laws, 1920
Volume 539, Page 148   View pdf image (33K)
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148 LAWS OF MARYLAND. [CH. 83

of said plant and the sale and transmission of electrical energy
or current.

SEC. 4. And be it further enacted, That the Town Commis-
sioners of Queenstown shall have full power and authority to
furnish and supply the citizens, inhabitants and corporations
of said town and of the vicinity of the said town within the
limits of Queen Anne's County aforesaid in its discretion, with
electric power and energy for all purposes; to sell electric
power and current and to provide for its transmission to points
of consumption in said town or in Queen Anne's County
aforesaid beyond the limits of said town; to fix and establish
and from time to time change schedules of rates and charges
for said electric power and energy; to make from time to time
rules and regulations in regard to the collection of said rates,
the furnishing and supply or discontinuing of any electric
service to the consumer thereof or the use thereof by consum-
ers including all connections made with buildings of consum-
ers ; but no service of electric power shall continue to be fur-
nished to any consumer if such consumer shall be in arrears for
ten days on account of electric service furnished by said
corporation.

SEC. 5. And be it further enacted, That the To\vn Commis-
sioners of Queenstown be and they are hereby authorized to
borrow on the faith and credit of said corporation a sum of
money not to exceed the sum of seven thousand dollars
($7,000) and to issue coupon bonds in the name of said cor-
poration for the amount so borrowed, each bond to be issued
for the sum of two hundred dollars, and to be signed in the
name of said corporation by the three Commissioners thereof,
and the seal of said corporation is to be affixed to each bond
by said Commissioners; but the coupons for interest may be
authenticated by the engraved, lithographed or printed signa-
ture of the treasurer of said corporation. Said bonds shall
bear interest at the rate of six per centum per annum, pay-
able semi-aunually in each and every year, and dated on the
first day of their issue. Said bonds shall be numbered con-
secutively, and Bond No. 1 shall be due and payable July the
first, nineteen hundred and twenty, and thereafter one. bond
shall mature and be payable in each consecutive year from
the maturity of Bond No. 1, in order of their consecutive num-
bers. Said bonds shall have printed on them a distinct refer-

 

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Session Laws, 1920
Volume 539, Page 148   View pdf image (33K)
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