WASHINGTON COUNTY. 4839

be in nowise altered, enlarged or diminished by reason of the purchase-
of the property of the Washington County Water Company, to which
the rights of bondholders may attach by virtue of any lien given by the-
Washington County Water Company to secure the payment of said
bonds, and in case said existing bonded indebtedness upon the plant of
said Company is assumed by the Mayor and Council of Hagerstown in the
purchase of said plant, then and in that event all the provisions herein
contained relating to the payment of interest on the bonds to be issued
under this Act and the levying of taxes for said interest, and for the
redemption of said bonds shall apply to the bonded indebtedness so as-
sumed as fully as if said assumed bonded indebtedness had been specifical-
ly referred to in each of said provisions.

1918, ch. 58, sec. 12.

474. The Mayor and Council of Hagerstown, in purchasing the plant
of the Washington County Water Company shall, by virtue of said
purchase and at the time of the consummation thereof, assume all of
the outstanding contractual obligations of said Company heretofore as-
sumed by said Company in the due and regular course of its business and
now binding upon said Company, but this provision shall have no refer-
ence to any present note indebtedness of said Company, or any current
obligation due at the time of said purchase, all of which indebtedness
shall be paid by said Company.

1918, ch. 58, sec. 13.

475. During the interval between the approval of said sale by the
stockholders of the Water Company and the qualified voters of Hagers-
town and the date of the final consummation thereof by the payment
of the purchase money therefor, said plant shall continue to be operated
by the said Washington County Water Company, with all of its rights and
privileges as fully as if said sale had not been arranged, and if during
the period from March 1, 1918, the date as of which the valuation of the
Public Service Commission of Maryland is to be made, to the date
of the final consummation of the sale of said plant, the said Washington
County Water Company, in the operation thereof, shall be required to
make any necessary capital investment, or investments, for the extension
or improvement of said plant, the sums of money so expended in the
making of said improvements shall be added to the purchase price fixed
by the Public Service Commission of Maryland, and the aggregate amount
thus obtained shall constitute the final purchase price to be paid by the
Mayor and Council of Hagerstown to the Washington County Water
Company for its said plant, which amount the Mayor and Council of
Hagerstown shall be required to pay before it shall be entitled to acquire
title to said plant.

1918, ch. 58, sec. 15.

476. If a majority of the qualified voters of Hagerstown shall, at the
election hereinbefore authorized, approve the purchase of said Water