PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 165

CHAPTER 89.

AN ACT to amend the charter and confirm or enlarge certain
powers of the Consolidated Gas Electric Light and Power
Company of Baltimore relating to the issuance and securing
of debentures, debenture stock, bonds, notes and other evi-
dences of indebtedness.

SECTION 1. Be U enacted by the General Assembly of Mary-
land, That the charter of the Consolidated Gas Electric Light
and Power Company of Baltimore, a corporation duly incor-
porated under the laws of the State of Maryland, be and it is
hereby amended, so as to provide as follows:

(a) The Consolidated Gas Electric Light and Power Com-
pany of Baltimore (in this act hereafter referred to as "the
Company") shall have power, at any time, and from time to
time, to borrow or raise money by issuing debentures or deben-
ture stock, in such amounts and manner, on such terms (includ-
ing prices), subject to sueh conditions and with such rights and
privileges (including security and remedies for enforcing the
same), as the Company may from time to time fix or agree
upon.

(b) The Company shall have power to secure any deben-
tures, debenture stock, bonds, notes or other evidences of indebt-
edness by mortgage or deed of trust of its property, franchises
and income, or by mortgage, deed of trust or other similar
instrument, conveying, evidencing, creating, confirming or
assuring a specific charge or a floating charge (or both) on
any or all of the undertaking or property (real or personal, of
whatever description, including franchises, of the Company,
present and future, and containing such other provisions, stipu-
lations, covenants and conditions as the Company may fix or
agree upon with respect to the rights, privileges, obligations,
liabilities and remedies of the parties to such instrument and
the holders of the debentures, debenture stock, bonds, notes or
other evidences of indebtedness secured thereby.

(c) A provision or condition contained in any debentures,
debenture stock, bonds, notes or other evidences of indebtedness
issued by the Company, or any mortgage, deed of trust or other
similar instrument for securing the same, shall not be invalid by
reason only that thereby the debentures, debenture stock, bonds,
notes or other evidences of indebtedness are made irredeemable
or redeemable only on the happening of a contingency, however
remote, or on the expiration of a period, however long, any
rule of equity to the contrary notwithstanding.