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Session Laws, 1949
Volume 590, Page 1725   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1725

through which they deem it necessary to convey said water,
and they shall have all the rights and powers necessary for
bringing water to the City.

(c) It may subscribe for and take stock in any water com-
pany having for its object the supplying of water to the City,
in accordance with the plan voted for by a majority of the
votes cast at the referendum held in 1910. When subscribing
to the stock of any such company, the City shall take all of
said stock except such shares as may be necessary to allot to
citizens of the United States in order to qualify them to act
as directors in any such company.

(d) The Mayor and City Council may by ordinance do
those things which they deem necessary and proper in order
to accomplish the objects of this sub-title, to regulate the
introduction of water into the City, and the use thereof, and
to protect and preserve the machinery and property con-
nected therewith.

154. BATES, (a) The Mayor and City Council shall
charge and collect for the water supplied to the residents of
Cumberland and its vicinity a sum sufficient to pay the oper-
ating expenses of the water system, to pay the interest on
and the redemption of all water bonds which may at any
time be outstanding against the City, and to pay all other
indebtedness of the City incurred for the building, extension,
operation and maintenance of the water system, including
that part of the water system located in the State of Penn-
sylvania and held in the name of the Evitts Creek Water
Company.

(b) The receipts from the water system shall be kept in a
separate fund and handled under a separate accounting sys-
tem. In case of any deficit in the operations of the Water
Department, the Mayor and City Council shall increase the
water rentals so as to liquidate the deficit and prevent any
future deficit. If at the end of any fiscal year there is in the
water fund an excess of receipts over expenditures for the
same period, such amount shall be set aside and applied to
the redemption of water bonds, either by being paid over to
the trustees of any sinking fund for water bonds, and by
them to be invested and used for the redemption of such
bonds, or by being used for the redemption of serial bonds.

(c) As soon as the water bonds which are outstanding at
the time this Article becomes effective have been retired, all
revenues and receipts of the Water Department shall become
part of the general funds of the City, and shall be accounted
for as such. All water bonds which may have been issued

 

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Session Laws, 1949
Volume 590, Page 1725   View pdf image (33K)
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