Plain Text Law

§ 7-5 Income from investments.

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

Balt., Md., Code art. 18, § 7-5 (2026)

§ 7-5 Income from investments.Copy Citation

When the said annual income upon the investments in said sinking fund shall reach the sum of $50,000, the making of said investments for said purpose shall cease, and the said annual income of $50,000 arising therefrom shall be thereafter appropriated and applied to the payment of the annuity of $50,000 to the Trustees of the Enoch Pratt Free Library of Baltimore City, and all taxation for the purpose of raising said annuity of $50,000 for such purpose, shall cease and be discontinued.
History: Ord. 1883-064