158 LAWS OF MARYLAND. [Ch. 84]

denomination and to the number by it to be determined, and to
secure the same by a mortgage or mortgages upon all its prop-
erty, real, personal and mixed, and franchises situated in or
out of this State, whether possessed at the time of the making
of said mortgage or mortgages, or thereafter acquired, the said
bonds and mortgage or mortgages to be made and executed in
form as the directors of said company shall prescribe, said bonds
to be payable at such time, bear such rate of interest not exceed-
ing six per centum per annum, and contain such terms, condi-
tions and provisions as to them shall seem meet and proper,
and to be issued and disposed of from time to time, upon such
terms as they shall determine and as may be agreed upon; and
it may, as the business of the company shall require, sell, lease,
convey and encumber the same; and it shall be lawful for said
company to subscribe to and hold the stocks and bonds of min-
ing, manufacturing or other corporations, and any mining,
manufacturing or other corporation may subscribe to, guarantee
and hold the stock and bonds of the said company.

SEC. 5. And be it enacted, That the said company may con-
nect or unite its lines for the transmission and delivery of
power with those of any other company or companies, or con-
solidate and merge its stock, property and franchises with and
into those of any other company or companies incorporated
under the laws of this State or of the States of West Virginia
and Pennsylvania, operating or authorized to operate lines for
the transmission and delivery of electric or other power, upon
such terms and under such name as may be agreed upon between
the companies so uniting or connecting, or merging or consoli-
dating, or may acquire the said property and franchises of such
company or companies by lease or purchase; and for that pur-
pose, power is hereby given to it and to such other company or
companies to make and carry out such contracts and to do all
such other proper and necessary acts and things as will facili-
tate and consummate such connection, merger or consolidation,
lease or purchase; provided, a copy of every such contract of
consolidation and merger shall be filed in the office of the Clerk
of the Circuit Court for Garrett County, and be recorded in the
corporation books of said county; and provided, that no merger
or consolidation made under the provisions of this charter shall
exempt the properties of the Youghiogheny Power Company
from taxation.

SEC. 6. And be it enacted, That said company or its duly
authorized agent or agents, may contract and agree with the
owner or owners, whether individuals, firms or corporations, to
purchase and hold in fee simple, or for a term of years, any land