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Session Laws, 1941
Volume 582, Page 1803   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1803

land, and to pay for the redemption of the bonds now out-
standing against the City of Cumberland for water improve-
ments, 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 col-
lected 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 hereto-
fore or hereafter expenses connected therewith, provided 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, and the interest thereon, 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 hereunder
authorized shall be issued in addition to and exclusive of the
ten percent bonded indebtedness on the assessed valuation on
property in the City of Cumberland now authorized by the
City Charter, and that any and all Acts or parts of Acts or
any part or parts of the Charter of the City of Cumberland
conflicting in any way herewith is or are repealed insofar and
to the extent that the same shall so conflict, and none of the
limitations or restrictions on the power of the Mayor and
City Council of Cumberland to borrow money or issue and sell
bonds contained in the Charter of said municipality or in any
other law which limits, restricts or in any other way affects
the powers herein granted, nor any of the provisions of Chapter
630 of the Acts of 1939 of the General Assembly of Maryland,
shall be applicable thereto.

SEC. 6. And be it further enacted, That if the Mayor or any
member of the City Council shall violate any of the provisions
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 conviction,
be sentenced to pay a fine of not less than One Thousand
($1, 000. 00) Dollars, or be sentenced to confinement in the
Allegany County Jail for not more than six months, or both
fine and imprisonment in the discretion of the Court.

SEC. 7. And be it -further enacted, That this Act shall not
become effective and no bonds shall be issued or other powers

 

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Session Laws, 1941
Volume 582, Page 1803   View pdf image (33K)   << PREVIOUS  NEXT >>


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