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Session Laws, 1929
Volume 572, Page 1293   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 1293

to the residents of the City of Cumberland and vicinity, a sum
sufficient to pay the expenses heretofore and hereafter neces-
sary for the operating of the water system of Cumberland,
Maryland, and to pay for the redemption of the bonds now
outstanding against the City of Cumberland for water im-
provements, and this bond issue, and the interest on all the
bonded indebtedness of the City of Cumberland, pertaining
to the water system of said city, and the money so charged
and collected shall be kept and maintained in a fund separate,
it being the intention of this Act to enable the Mayor and
City Council of Cumberland to so operate the water supply
of said city that the revenue therefrom shall be used to defray
the heretofore or hereafter expenses connected therewith, pro-
vided if the receipts from the Water Department shall be less
than the expenses in any year or years, the Mayor and City
Council shall levy from time to time such amount on the
assessable property of the city as may be necessary to pay
the bonds issued hereunder, or are empowered to borrow an
amount not exceeding Thirty Thousand ($30, 000. 00) Dollars
in any one year, and to pledge the credit of the city for the
security of the same, provided, however, that the water rate
shall be increased, for the succeeding year sufficient to pay
off such deficit.

SEC. 5. And be it further enacted, That the bonds here-
under authorized shall be issued in addition to and exclusive
of the ten per cent, bonded indebtedness on the assessed valua-
tion, of the property in the City of Cumberland authorized
by Section 55 of Chapter 96 of the Acts of the Assembly of
1922,

SEC. 5A. And be it further enacted, That the Mayor and
City Council of Cumberland shall exercise the powers herein
granted, only in the event that Chapter.. of the Acts of the
General Assembly of 1929, the same being House Bill No. 313
and pertaining to the increasing of the corporate limits of the
City of Cumberland, shall have become effective by a referen-
dum vote, as therein provided.

SEC. 6. And be it further enacted, That if the Mayor or
any member of the City Council shall violate any of the pro-
visions of this Act, or expend or attempt the expenditure of
any of the proceeds of said bond issue for any other purpose
than herein set forth, he or they, shall, upon trial and con-


 

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Session Laws, 1929
Volume 572, Page 1293   View pdf image (33K)
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