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Session Laws, 1924
Volume 568, Page 977   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 977

purposes, the Mayor and Council of Hagerstown is hereby au-
thorized and empowered to levy annually on every One Hun-
dred Dollars worth of assessable property in Hagerstown, an
amount sufficient to meet said deficiency, and the sum of money
collected from said levy shall constitute part of the aforemen-
tioned fund, to be known as the "electric light fund, " and be
applied to the payment of the costs and expenses of conducting
operating, and maintaining said electric light plant, and to and
for no other purpose whatsoever. It is hereby expressly pro-
vided, however, that this levy shall never be made unless the
revenues derived from the sale of electric current to consumers
shall prove inadequate to pay the necessary expenses of the op-
eration and maintenance of said electric light plant.

SEC. 7. And be it further enacted, That if the revenues de-
rived from the payment by consumers for the use of electric
current shall at any time exceed the sum of money necessary to
pay the costs and expenses of operating and maintaining said
plant and making reasonable repairs, extensions and enlarge-
ments thereof, the sum of money remaining on the first day of
April, in each year shall be paid by the Board of Street Commis-
sioners, to the Mayor and Council of Hagerstown, to be appro-
priated by said Mayor and Council toward the payment of the
interest on said bonds issued under the provision of this Act, and
for the redemption of said bonds when due and payable, or to
the purchase in the open market of any of said bonds, and said
bonds when so paid or purchased, shall forthwith be cancelled.

SEC. 8. And be it further enacted, That in addition to the
powers expressly conferred by this Act, the Mayor and Council
of Hagerstown, shall have such other powers as are incident
thereto, or necessary consequence of the powers herein con-
ferred, which shall include the right to pass all ordinances, not
inconsistent with the powers granted by this Act, that may be
deemed necessary for the protection and preservation of said
electric light plant, or any portion thereof, and to attach reason-
able penalties thereto for violation thereof to formulate and en-
force all rules and regulations necessary for the proper conduct
of the business of said electric light plant, and from time to
time to repeal, alter and amend said Ordinances and such rules
and regulations.

SEC. 9. And be it further enacted, That this Act, together
with the aforesaid Act of 1920. Chapter 40, shall be construed
as authorizing: the issuing of bonds in the total amount of only

 

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Session Laws, 1924
Volume 568, Page 977   View pdf image (33K)
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