850 LAWS OF MARYLAND.

Whereas, It having been thought desirable and for the best
interest of said town and its citizens that such plant should
be erected, installed and equipped at the earliest date prac-
ticable, and to that end sundry citizens of the said town of
Thurmont did form a body corporate in the name of the
Citizens' Electric Light and Power Company of Thurmont,
for the purpose of erecting, equipping and maintaining an
electric light and power plant to furnish electric light to the
Commissioners of Thurmont and to the citizens of Thur-
mont, and it was expressly understood and agreed by and
between the said the Citizens' Electric Light and Power
Company of Thurmont and the Commissioners of Thurmont,
that where the said the Commissioners of Thurmont should
secure legal authority to own, maintain and operate such
electric plant, that the said The Citizens' Electric Light and
Power Company of Thurmont would assign and turn over to
the said the Commissioners of Thurmont all of such electric
light and power plant, with all the property, rights, ease-
ments and privileges pertaining thereto, upon receiving from
the said the Commissioners of Thurmont the cost of such
plant and the rights pertaining thereto, together with legal
interest thereon; now, therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the said agreement between the said The Commis-
sioners of Thurmont and the said The Citizens' Electric Light
and Power Company of Thurmont, a body corporate, be and
the same is hereby ratified and confirmed, and the said the
Commissioners of Thurmont, said municipal body corporate,
are hereby granted full power and authority to own, operate
and maintain the electric light and power plant erected by
the said The Citizens' Electric Light and Power Company of
Thurmont, and to make all such contracts as may be necessary
to light the streets, lanes, alleys and public buildings of said
town of Thurmont and furnish light and power to its citizens,

SEC. 2. And be it enacted, That the Commissioners of Thur-
mont be and they are hereby authorized and empowered to
issue bonds in the name of the said municipal corporation to
an amount not exceeding the sum of eighteen thousand dollars,
in denominations of one hundred dollars each, and each of
said bonds shall be payable twenty years after date to bearer,
redeemable, however, at the pleasure of said the Commission-
ers of Thurmont at any time after the expiration of three years
from their respective dates, and shall bear interest in the
meantime at the rate of five per centum per annum, payable
semi-annually, according to the tenor of the coupon for said
interest, to be attached to said bonds, which said bonds shall
be sealed with the corporate seal of said municipal corpora-