968 ARTICLE 23

An. Code, 1924, sec. 382. 1912, sec. 439A. 1914, ch. 445, sec. 27 1/2.

393. Subject in every respect to the authority and supervision con-
ferred upon the Commission by the next preceding section, a common
carrier, a railroad corporation, street railroad corporation, or other cor-
poration subject to the provisions of this sub-title, organized or existing
or hereafter incorporated under or by virtue of the laws of the State of
Maryland, may issue stocks, bonds, notes or other evidences of indebtedness,
payable at periods of more than twelve months after the date thereof, when
necessary for the capitalization of its earnings expended prior to the first
day of April, nineteen hundred and fourteen, in the acquisition of property,
the construction, maintenance, completion, extension or improvement of its
facilities; provided that the applicant shall have kept its accounts and
vouchers in such manner as will enable the Commission to ascertain the
amount so expended and the purposes for which such expenditures were
made, and that application for the order of the Commission authorizing such
issue shall be made on or before the first day of April, nineteen hundred
and fifteen, and provided further, that the legal validity and effectiveness
of any order of the Commission made prior to January first, nineteen hun-
dred and fourteen, authorizing and approving an issue of stock for the
capitalization of earnings expended in the acquisition of property, or in
the improvements, maintenance or extension of facilities, shall not be in
anywise affected, restricted or impaired by anything contained in this Act,
and every such order is hereby ratified and confirmed.

An. Code, 1924, sec. 383. 1912, sec. 440. 1910, ch. 180, sec. 28 (p. 371).

394. Every common carrier, railroad corporation, street railroad cor-
poration and other corporation subject to the provisions of this sub-title,
and all officers and agents of any common carrier, railroad corporation and
street railroad corporation, and of any other corporation subject to the
provisions of this sub-title, shall obey, observe and comply with every
order made by the commission, under authority of this sub-title, so long
as the same shall be and remain in force. Any common carrier, railroad
corporation or street railroad corporation, which shall violate any pro-
visions of this sub-title, or which fails, omits or neglects to obey, observe
or comply with any order, or any direction or requirement of the commis-
sion, shall forfeit to the State of Maryland a sum not to exceed the sum of
five thousand dollars for each and every offense; every violation of any
such order or direction or requirement, or of this sub-title, shall be a sepa-
rate and distinct offense, and, in case of a continuing violation, every
day's continuance thereof shall be and be deemed to be a separate and dis-
tinct offense.

Every person, officer and agent of any such common carrier, railroad cor-
poration or street railroad corporation who shall violate, or who procures,
aids or abets any violation by any such common carrier or corporation of
any provision of this sub-title, or who shall fail to obey, observe and comply
with any order of the commission, or any provision of an order of the com-
mission, or who procures, aids or abets any such common carrier in its
failure to obey, observe and comply with any such order or provision, shall
be guilty of a misdemeanor.

Whenever the commission shall be of the opinion that a common carrier,
railroad corporation or street railroad corporation, or other corporation,
subject to its supervision, is failing or omitting, or about to fail or omit to