166 LAWS OF MARYLAND. [Ch. 89]

(d) The Company shall have power (unless the debentures
or certificates of debenture stock, or the instrument securing
the same expressly otherwise provides), from time to time, to
purchase, redeem from mortgage, pledge or hypothecation or
otherwise acquire or reacquire any debentures or debenture
stock issued pursuant to this act, and to keep the same alive for
the purposes of reissue, and to reissue the same, whenever and
to the same extent as the Company, or other Maryland corpora-
tions, would, under similar circumstances, have such power
with respect to negotiable coupon bonds.

(e) Any issue of debentures or debenture stock, bonds, notes
or other evidences of indebtedness pursuant to this act shall be
authorized in manner now provided by section 7 of Article 23
of the Code of Public General Laws, Edition of 1904 (as
re-enactetd by Chapter 240 of the Acts of 1908), or hereafter
otherwise provided by law, with respect to an issue of bonds,
and shall be subject to all the provisions of the Public Service
Commission Law (as now in force or hereafter amended), with
respect to the issuance of bonds, notes or other evidences of
indebtedness by gas or electrical corporations.

(f) Every mortgage, deed of trust or other instrument
(including instruments supplemental, confirmatory or by way
of further assurance), executed pursuant to this act, conveying,
evidencing, creating, confirming or assuring a floating charge,
shall be entitled to be recorded, and shall be executed, acknowl-
edged and recorded, in the same manner, within the same times,
at the same places, and with the same effect, as constructive
notice or otherwise, as corporation deeds of trust are respec-
tively entitled or required by law to be executed, acknowledged
and recorded, and any such floating charge shall, with respect
to any particular part of the undertaking or property for the
time being subject thereto, constitute and be or become a lien
or charge valid at law or an equitable lien or charge, as the
case may be, when and as a deed of trust (including a supple-
mental or confirmatory deed or deed by way of further assur-
ance) for securing an issue of bonds of the Company, in a
form similar to deeds usually executed for similar purposes by
similar Maryland corporations, containing a usual provision
empowering the Company to dispose of property subject to the
lien of such deed of trust, free from the lien thereof (whether
with or without written consent of the trustee), whether or not
such deed of trust purport to cover after-acquired property,
would, when so executed, acknowledged and recorded, constitute
and be or become a lien or charge valid at law or an equitable