154 LAWS OF MARYLAND. [CH. 76

levied against property for water supply construction and half
of all sums collected by the President and Commissioners of
Northeast for water connections, as provided in Section 10,
shall be set aside as a separate fund to be known and designated
as the "Current Interest and Sinking Fund, " if sinking fund
bonds are used, and "Current Bond Fund, " if serial bonds are
used, from which fund interest shall be paid on all outstanding
bonds, and the balance, if any, transferred to the "Water
Supply Sinking Fund Account, " if sinking fund bonds are
used, or to the "Water Supply Bond Account, " if serial bonds
are used, as provided under Section 5. The President and
Commissioners of Northeast, in order to determine the amount
necessary to be levied under Section 5, shall deduct the amount
of their credit in said "Current Interest and Sinking Fund, "
if sinking fund bonds are used, or in said "Water Supply
Bond Account, " if serial bonds are used, from the whole
amount necessary to be raised in any one year for interest and
sinking fund on outstanding bonds, if sinking fund bonds are
used, or for interest and principal on outstanding bonds, if
serial bonds are used, and the balance remaining to be raised
shall be the amount to be collected by taxation as provided
under Section 5.

SEC. 12. And be it further enacted, That for the purpose of
providing funds for maintaining, repairing and operating their
water supply system, including overhead expenses and property
depreciation allowance, said President and Commissioners of
Northeast shall be empowered and directed to make such serv-
ice rates as they may deem necessary, chargeable against all
properties having a connection with any water main under
their ownership. Said rates shall be uniform throughout the
town of Northeast, but subject to change from time to time, as
necessary. The rates for service shall consist of a minimum
or ready-to-serve charge which shall be based upon the size of
the meter on the water connection leading to the property, and
of a charge for water used, which shall be based upon the
amount of water passing the meter during the period between
the last two readings, said meter being required to be placed
on each water connection by, and at the sole expense of the
President and Commissioners of Northeast. Bills for the
amount of the charges as above specified shall be sent quar-
terly or semi-annually, as the President and Commissioners of
Northeast may determine, to each property served, and shall
thereupon be payable at the office of the President and Commis-