The Republican. [volume] (Oakland, Md.) 1877-current, 1920-06-17

thousand collars curing each and every year,
beginning as aforesaid, until the whole of the
said bonds shall have been paid and the date
OF issue shall be the same on all bonds issued
under this Act, which date shall be July 1st,
1926, and the same shall be advertised by the
Mayor and Town Council of Oakland and
sold, or so many thereof as may be necessary
after advertisement, to the highest response
BILE bidder for cash, the said bonds may
after due advertisement be sold many
thereof as may be necessary by sealed bids re-
eeived by the Mayor and Town Council of
Oakland.
Section 4. And be it further enacted That
for the purpose of redeeming said bonds at
maturity and for securing the prompt payment
OF the interest thereon, the Mayor ami Town
Council of Oakland shall apply any surplus
which may be received from time to tins
from the operation Of said electric plant to
the payment of interest and principal of the
bonds issued under this set as they mature :;
and should this be insufficient for that pur-
pose. then the Mayor AID Town Council of Oak
land shall levy annually upon the as5essable
property of said town such additional sum as
may be necessary to pay the interest on these
bonds semi-annually and one thousand $1,000
dollars of the bonds annually, commencing
july list in the year 1922, as aforesaid: PRO-
vided, however, that the Mayor and Town
Council of Oakland shall not levy for this
purpose more than twenty-five cents on each
one hundred dollars of the as5essable prcperty
of said Town of Oakland. and the funds thus
arising shall not be used for any purpose
ether than stated in this section
Section 8. And be it further enacted That
for the purpose of carrying out the provisions
of this Act the right to the streets, ave
nues, lanes, alleys and ways of the Town of
Oakland. and to plant 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-
chase and acquire such land. premises rights
ot-way, streams and water courses and water
power and such other property ss the saii
Mayor and Town Council Of Oakland may
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 404 both inclusive of Article
% of the Code of Public General Laws of
Maryland as fully if said sections had been
herein Incorporated and their manner of pre-
cedure OF condemnat on for the purposes of
this Act shall in ali particulars be the same
as is provided in said Sections 800 t. 404
both inclusive. of said Article %.
Section I. And be it further enacted. That
the said Mayor and Town Council Of Oakland
are hereby authorized and empowered to rass
al such ORDINANCES rs may be necessary for
me successful operation of said Electric Light
Plant and for the maintenance and protec ion
OF the said plant and its machinery, poles,
lines ard property OF every kind
Section s. And be it further enacted That
nothing in this Act contained is intended or
shall be taken construed as relieving the
Mayor and Town Council Of Oakland from any
2ad all of the provisions Of Chapter $50 Of TIE
Acts OF the General Assembly of MARYLAND Of
1910. known rs the Public Service Commission
Law, or any amendment thereto, Z, the extent
that u same may apply to municipal electric
light, heat and power plants
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
sCance Of said bonds shall be submitted 20 the
qualified voters Of the Town Of Oakland at a
special municipal election to be called by tire
Meyor and Town Council Of Oakland for that
purpose, notice Of which shall be given By pub
Lcation in some new paper published in the
Town Of Oakland and by posting notice Of
places in said town said publication and post
ing TO be at least ten days prior TO the hold
ing Of said election said notice shall refer 20
the Act of Assembly authorizing the creation
Of said deLt and the issuance Of said bonds. the
purpose Of the issue. degcribc the indeb ell
ness 70 be created and the amount thereof and
the ballots shall be printed For Issuance Of
Bonds, and "AgGinst Issuance Of Bonds
and the qualified voters Of said town desiring
10 vote on said question at said election. shall
indicate their choice Of said propositions By
making cross mark opposite the prop position
Tor which they desire 70 cast their vote, and II
majority Of the VOTES cast ere markct
FOR Issuance Of Bonds then this Act shall
De IN full force OF law otherwise. il shall be
Of no effect. The judges of election shall i'm
mcdintely after election certify 10 the Mayer
nnd Town Council OF Oasland tie rc.uit OF
said election. The said election tcrc.n pro-
F!ded Tor shall be held in the same marne-
ard under the came regulations as in case
Of other and regular municipal elections H.
said town
Section TO- And be it further enacted. That
this Act IS an emergency law and necessary for
the immediate preservation Of the public health
and safety and having been passed by a yea
and nay vote. supported By three-ffths Of all
TIE members elected to each Of the two houses
Of the General Assembly, the same shall take
effect from the date OF its passage.
AnnTngpd