788

LAWS OF MARYLAND.

CHAPTER 458.

AN ACT to amend the charter of the Susquehanna Electric
Power Company, of Harford county, organized under Article
twenty-three of the Code of Public General Laws, title "Cor-
porations," ratifying and confirming the proceedings and
contracts thereof, changing the corporate name of said com-
pany by omitting the words "of Harford county," extending
and enlarging its franchises, and granting to it additional
powers and privileges, and altering and establishing the prac-
tice and proceedings to be followed by said company in the
acquisition of land and other property for its use.

Charter
amended.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the charter of the Susquehanna Electric Power
Company, of Harford county, a corporation duly formed,
organized and existing in accordance with law for the objects
and purposes set forth in its certificate of incorporation, exe-
cuted under Article twenty-three of the Code of Public Gen-
eral Laws, title "Corporations," be and the same is amended as
hereinafter set forth; and the proceedings of said company in
locating, appropriating and acquiring lands and other property,
are hereby authorized; and it is hereby declared lawful for
said company to issue its stock certificates for subscriptions,
payable in lands and other property, as full-paid and non-assess-
able stock, and the original holder or holders thereof, or their
transferee or transferees shall not be or become liable to assess-
ment; and the eaid corporation shall have perpetual existence
and succession; and after the passage of this act the corporate
name of said company shall be "Susquehanna Electric Power
Company."

May issue
bonds.

SEC. 2. And be it further enacted, That it shall be lawful
for said company to make and issue its negotiable bonds of the
denomination and to the number by it 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 the said company shall prescribe, said
bonds to be payable at such time, bear such rate of interest
not exceeding six per centum per annum, and contain such
terms, conditions and provisions as to them shall seem meet