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Session Laws, 1922
Volume 563, Page 1536   View pdf image (33K)
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1534 LAWS OF MARYLAND. [CH. 542

til the whole of said bonds shall be paid. The date of issue
shall be the same on all bonds, which date shall be October 1,
1922, and the same or so many thereof as may from time to
time, in the judgment of the Commissioners of Oxford, be
deemed necessary shall be advertised by the said Commissioners
of Oxford and sold to the highest bidder for cash.

SEC. 3. That for the purpose of redeeming said bonds
at maturity and for securing the payment of interest thereon,
the Commissioners of Oxford shall apply any surplus that
may be received from time to time from the operation of said
electric plant to the payment of the interest and principal of
said bonds as they mature, and should this be insufficient for
this purpose then the Commissioners of Oxford shall annu-
ally levy upon the assessable property of the town of Oxford
such additional tax as may be sufficient to pay each bond as
it matures and the interest on all bonds issued under this Act
outstanding and unpaid.

SEC. 4. That the funds realized from the aale of said bonds
shall be deposited by the Commissioners of Oxford in some
bank selected by them to the credit and in the nam6 of the
Commissioners of Oxford, and said funds shall not be used
for any purpose other than extending, improving, operating
and maintaining the said electric light and power plant or
system, or other legitimate purposes connected therewith; pro-
vided, however, that the cost of advertising, printing and sell-
ing said bonds and the expenses connected therewitk shall be
paid out of said funds.

SEC. 5. That nothing in this Act contained is intended or
shall be taken or construed as relieving the Commissioners of
Oxford from any and all provisions of Chapter 180 of the
Acts of the General Assembly of Maryland of 1910, known
as the Public Service Commission Law, or any amendments
thereto.

Approved April 13th/1922.

CHAPTER 542.

AN ACT to repeal and re-enact with amendments the Charter
of the Town of Takoma Park, Maryland, in Prince George's
and Montgomery Counties, as the said charter was enacted
by Chapter 480 of the Acts of the General Assembly of

 

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Session Laws, 1922
Volume 563, Page 1536   View pdf image (33K)
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