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Session Laws, 1931
Volume 580, Page 1189   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR.                1189

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 224 and 227 of Article 21 of the Code of
Public Local Laws of Maryland, title "Talbot County, " sub-title
"Easton, " be and the same are hereby repealed and re-enacted
so as to read as follows:

224. The said Easton Utilities Commission shall be and is
hereby directed and required to apply all the water rents and
other revenues which may be derived from the water works and
the revenue from the sewers, electric plant, gas plant and any
other utility or utilities, if any there be, to pay the expenses
of properly keeping up and operating said systems or plants,
respectively, as directed by this Act, and shall, out of the gross
revenue of such of the said municipally owned revenue produc-
ing utilities upon which there be a bonded indebtedness, pay-
over to the Mayor and Council of Easton before the same shall
become due and payable such sum or sums as may, respectively,
be required for the payment of interest and for the redemp-
tion of the bonds bearing against each system or utility, which
payments are to be continued through such period or periods as
there may be outstanding bonds bearing against such system or
utility; and if at any time the revenues shall be insufficient, as
may be determined by the said Easton Utilities Commission,
for conducting and operating the said water works, sewerage
system or electric plant, gas plant or other utilities, then said
Easton Utilities Commission shall have authority and are hereby
empowered to borrow for the utility or utilities of which the
revenues are insufficient from the funds of any other utility
having a surplus in hand and/or to draft upon the Mayor and
Council to meet such deficiency and said Mayor and Council
shall honor the same out of any funds in their hands unappro-
priated to special purposes, and should the Mayor and Council
not have the necessary funds or provision therefor to meet such
drafts, then the Mayor and Council are authorized and em-
powered to borrow on the faith and credit of the town or raise
by a special tax the funds necessary to meet the deficiency. The
said Easton Utilities Commission shall be and they are hereby
further directed and required to so revise from time to time the
rates, or the rate schedule, so far as may be found practical, that
the gross revenue from each of the municipally owned revenue
producing utilities, except the sewerage system, will be adequate
for the cost and the expense of properly keeping up, operating
and providing for the indicated normal increase in demand,
of the said utility, and to repay with interest, within a period
of five years any amount that may be advanced or may have
been heretofore advanced by the Mayor and Council, or ad-
vanced from the funds of any other utility, for the purpose of
meeting a deficiency as above outlined; and said Commission

 

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Session Laws, 1931
Volume 580, Page 1189   View pdf image (33K)
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