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Session Laws, 1941
Volume 582, Page 1793   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 179S

ing the issuance of said revenue notes, bonds or certificates
any monies in such sinking fund in excess of an amount equal
to one year's interest on all such revenue notes, bonds or cer-
tificates then outstanding shall be applied to the purchase or
redemption of any such revenue notes, bonds or certificates
in accordance with the terms thereof. All such revenue notes,
bonds or certificates so purchased or redeemed shall forth-
with be cancelled and shall not again be issued. Upon the
final retirement of all of said revenue notes, bonds or certifi-
cates, together with any refunding revenue notes, bonds or
certificates hereinafter authorized, the revenues from said
municipal electric light and power system which would other-
wise be payable into said sinking fund as hereinabove pro-
vided, shall thereafter be payable by said Clerk-Treasurer di-
rectly into the general funds of the Mayor and Council for
the use of said municipality or into any other special funds
for any special purpose as said Mayor and Council may from,
time to time by ordinance direct.

116H. As soon as said municipal electric light and power
system herein provided for shall have been completed and
put in operation, said Mayor and Council may provide by
ordinance that there shall be no lighting at municipal expense
of the streets, alleys, squares, lanes, highways, public build-
ings or other public places within the corporate limits of said
municipality except by electrical or other appliances owned,
operated and maintained by said Mayor and Council and sup-
plied with power by said municipal electric light and power
system. Said Mayor and Council shall make reasonable com-
pensation for the electrical energy used by and services ren-
dered to said municipality, and shall make regular payments
from the general funds of said municipality, at monthly in-
tervals, into said Municipal Electric Light and Power Sys-
tem Fund in the same manner as other revenues are required
to be deposited therein provided, however, that the provisions
of this section shall apply, only so long as there shall be out-
standing and unpaid any of said revenue notes, bonds or cer-
tificates or refunding revenue notes, bonds or certificates.

116-1. Subject to the control and jurisdiction of the Pub-
lic Service Commission of Maryland, the Mayor and Council
may make special rates or charges for commercial or indus-
trial consumers of the electrical energy produced by said
municipal electric light and power system as, in the discretion
of said Mayor and Council, may seem right and proper and
for the promotion of the best interests of the residents of Cris-
field, or said Mayor and Council may classify said rates and
charges into rates for domestic consumption, for commercial
57

 

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Session Laws, 1941
Volume 582, Page 1793   View pdf image (33K)   << PREVIOUS  NEXT >>


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