PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 721

struction or to exercise any right or privilege under any fran-
chise granted after the passage of this Act, or under any fran-
chise granted before the passage of this Act, but not before the
passage of this Act actually exercised, without first having
obtained the permission and approval of the Commission, shall
likewise apply to the abandonment or discontinuance in whole
or in part by any such gas corporation or electrical corporation
of any such right or privilege under any such franchise, in so
far as it is then actually being exercised for the public service.

SEC. 34 1/2. Subject in every respect to the authority and
supervision conferred upon the Commission by the next pre-
ceding Section, a gas corporation or electrical corporation or-
ganized 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, completion, extension, mainten-
ance or improvement of its facilities; provided that the appli-
cant shall have kept its accounts and vouchers in such manner
as will enable the Commission to ascertain the amount so ex-
pended 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.

SEC. 44 1/2. That before the trial of such action a transcript
duly certified by the Secretary of the Commission of all the
papers and proceedings, including evidence, in the case before
the Commission except such as are omitted by the stipulation
in writing of the parties to such action, shall be filed by the
Commission in such action and shall be evidence in like manner
as the originals transcribed.

SEC. 2. And be it further enacted by the General Assembly
of Maryland, That Section 4 of Chapter 180 of the Acts of the
General Assembly of Maryland of the year 1910 hereinbefore