ALBERT C. RITCHIE, GOVERNOR. 285

SEC. 2. And be it further enacted, That for the purposes
as set forth in the first section of this Act, the said Burgess and
Commissioners of New Windsor is hereby authorized and em-
powered to borrow, from time to time, on the faith and credit
of the said town of New Windsor an amount not exceeding at
any one time the sum of five thousand dollars ($5, 000); and,
from time to time, to issue the obligations of the said Burgess
and Commissioners of New Windsor in the form of bonds or
certificates of indebtedness for the payment thereof, but so
that the aggregate amount thereof at any one time outstanding
and unpaid shall not be in excess of said sum of five thousand
dollars ($5, 000).

SEC. 3. And be it further enacted, That for the purpose of
paying the interest and the principal of said bonds or certifi-
cates of indebtedness so from time to time issued under the pro-
visions of this Act, when and as the same may mature, the said
Burgess and Commissioners of New Windsor is hereby author-
ized and empowered and directed to use the net income arising
from the operation of said, electric plant, after providing for
the expenses of any necessary betterments, extensions, renewals
and repairs; and the said Burgess and Commissioners of New
Windsor is hereby authorized and empowered annually, after
the issue of any of such certificates of indebtedness or bonds,
to levy on the taxable property of said town a special tax
not exceeding fifteen cents on the one hundred dollars as Shall
be necessary in its discretion for the proper payment of the prin-
cipal and interest of said certificates of indebtedness or bonds,
when and as the same may become payable; and any surplus
from said tax shall be invested in some safe form as a sinking
fund for the payment of said debt.

SEC. 4. And be it further enacted, That every such bond
or certificate of indebtedness issued under the provisions of this
Act shall be redeemable at par and accrued interest at any
time after the expiration of ten years from the date thereof,
unless an earlier maturity is provided by the terms thereof.

SEC. 4A. And be it enacted, That nothing in this Act con-
tained is intended or shall be taken or construed as relieving
the Burgess and Commissioners of New Windsor from any and
all provisions of Chapter 180 of the Acts of the General As-
sembly of Maryland of 1910 known as the Public Service Com-
mission Law, or any amendments thereto.