The Republican. [volume] (Oakland, Md.) 1877-current, 1920-05-27

CHAPTER NO. 6l4.
| AN ACT to authorize the Mayor and Town
| Council of Oakland to buy, acquire or erect,
| construct and equip maintain and Operate
an Electric Light and Power plant for the
| purpose of lighting the streets avenues,
| lanes, alleys, squares and ways of Oakland
| and for other municipal purposes, and for
| supplying light, heat and power to the cit
| liens of Oakland and vicinity, and to Dor
| row on the faith and credit of said town,
| fifty thousand dollars $3.50 C00) and to issue
| notes bonds or other evidences of indebt-
edness therefor and to provide for the pay
ment of the same with interest thereon, and
| providing a referendum to enable the quail
| fled voters of said town to vote upon the
question of the issuance of said bonds.
Section /: Be it enacted by the General
| Assembly of Maryland, That the Mayor and
| Town Council of Oakland be and they are
| hereby authorized and empowered to buy, ac-
| quire or erect construct and equip, maintain
| and operate a plant for manufacturing and
| supplying electric current for lighting the
| streets, avenues, lanes, alleys, squares and
| ways of Oakland, and for other municipal
| purposes, and for supplying light, heat and
| power to the citizens of Oakland and vicinity
| and to fix rates and make contracts for sup
| plying the
Section 2. And be it further enacted That
| for the purpose of paying for said plant and
| @ppurtenances thereto the Mayor and Town
| Council of Oakland authorized and direc-
| ted to borrow on the faith and credit of said
| town of Oakland not exceeding fifty thous-
| and dollars ($50,000l, and to issue coupon
! bonds therefor; said bonds shall be for sums
| not less than one hundred dollars nor more
| than one thousand dollars each to be signed by
| the Mayor of Oakland and countersigned by
| the Clerk to the Mayor and Town Council of
| Oakland. and to be attested by the corporate
| seal of the said town of Oakland; said bonds
4 to be designated Oakland Electric Bonds.
| and they shall be consecutvely numbered and
shall bear interest at the rate of not exceed
| ing five per centum per annum. payable semi
| annual y on the first day of July and Janu-
| airy of each year, accounting from July LIST,
| 1920 and shall forever be exempt from all
taxation for State, County and Municipal pur-
poses and have printed on them distinct ref
| erence to this Act authorizing their issue.
Section 3. And be it further enacted, That
the said bonds to be issued under this Act shall
mature in numerical order to the amount of
one thousand dollars in each and every year,
beginning with July LIST in the year 1922 and
that the said bonds with interest thereon shall
be paid and cancelled by said Mayor and Town
Council of Oakland, to the amount of one
thousand dollars during each and every year,
beginning aforesaid. until the whole of the
said bonds shall have been paid, and the date
of issue shall be the all bonds issued
under this Act, which date shall be July LIST,
1920, and the same shall be advertised by the
Mayor and Town Council of Oakland and
sold so many thereof may be necessary
after advertisement, to the highest response
BILE bidder for cash, the said bonds may,
after due advertisement be sold so many
thereof as may be necessary by sealed bids re-
ceived by the Mayor and Town Council of
Oakland.
for the purpose of redeeming said bonds at
maturity and for securing the prompt payment
of the interest thereon. the Mayor and Town
Council of Oakland shall apply any surplus
which may be received from time to time
from the operation of said electric plant to
the payment Of interest and principal of the
bonds issued under this Act, they mature
and should this be insufficient for that pur-
pose, then the Mayor and Town Council of Oak
land shall levy annually upon the assessable
property of said town such additional
may be necessary to pay the interest these
bonds semi-annually and one thousand $1,000
dollars of the bonds annually, commencing
JlllV LIST the 1922 rs afo id
vided however that the Mayor and Town
Council of Oakland shall not levy for this
purpose than twenty-five cents on each
one hundred dollars of the assessable property
of said Town of Oakland and the funds thus
arising shall not be used for any purpose
other than stated in this section.
Section 5. And be it further enacted That
for the purpose of carrying out the provisions
of this Act, the right to use the streets, ave-
nues, lanes, alleys and ways of the Town of
Oakland, and to plant or contract for the use
of the necessary poles thereon, is hereby grant
ed to the said Mayor and Town Council of
Oakland
Section 6. And be it further enacted That
the said Mayor and Town Council of Oakland
are hereby authorized and directed to pur-
of-way, streams and water courses and water
power and such other property as the said
Mayor and Town Council of Oakland may
deem proper for the carrying out and render
ing effective of this Act, and the said Mayor
and Town Council of Oakland are hereby
clothed with the power of condemnation under
the right of eminent domain as provided in
Sections 399 to 4O4 both inclusive of Article
% of the Code of Public General Laws of
Maryland fully if said sections had been
herein incorporated, and their manner of pro-
cedure of condemnation for the purposes of
this Act shall in all particulars be the same
as is provided in said Sections 399 to 404
both inclusive of said Article %.
Section 7. And be it further enacted, That
the said Mayo, and Town Council of Oakland
are hereby authorized and empowered to pass
all such ordinances may be necessary for
the successful operation of said Electric Light
Plant and for the maintenance and protection
Of the said plant and its machinery, poles.
lines and property of every kind
Section 8. And be it further enacted, That
nothing in this Act contained is intended or
shall be taken or construed as relieving the
Mayor and Town Council of Oakland from any
and all OF the provisions of Chapter $50 of the
1910, known the Public Service Commission
Law, or any amendment thereto. to the extent
that the same may apply to municipal electric
Section 9. And be it further enacted. That
before said debt is created and said bonds is
sued. the question of its creation and the is
suance of said bonds shall be submitted to the
qualified voters of the Town of Oakland at a
special municipal election to be called by the
Mayor and Town Council of Oakland for that
purpose, notice of which shall be given by pub
LEGATION in some newspaper published in the
Town of Oakland and by posting notice of
Si e.S5 IN at ys SS
| ing to be at least ten days prior to the hold
ing of said election Said notice shall refer to
tue ACT Oh Assembly autnOrlZlnR the creation
OF said debt and the issuance of said bonds, the
purpose of the issue. describe the indebted
| ness to be created and the amount thereof. and
| the ballots shall be printed ''For Issuance Of
Bonds, and Against Issuance of Bonds"
and the qualified voters of said town, desiring
to vote on said question at said election. shall
| indicate their choice of said propositions by
making cross mark opposite the proposition
for which they desire to cast their vote, and IL
majority Of the votes so east are marked
For Issuance of Bonds" then this Act shall
be in full force Of laws otherwise it shall be
OF no eject The judges or election shall inn
mediately after election certify to the Mayor
and Town Council OF Oakland the result of
said election The said election herein pro-
/ vided for shall be held in the same manner
and under the same regulations as in case