HERBERT R. O'CONOR, GOVERNOR. 1785

as to it may seem proper and appropriate, provided that the
consent and approval to the issuance of such revenue notes,
bonds or certificates shall in each and every instance have been
first obtained from the Public Service Commission of Maryland.
At no time shall there be outstanding any such revenue notes,
bonds or certificates, including in this limitation the refund-
ing revenue notes, bonds or certificates hereinafter authorized,
in an aggregate par amount in excess of five hundred thou-
sand dollars ($500, 000. 00). The principal and interest of such
notes, bonds or certificates shall be payable solely from the
special fund herein provided for such payment. The bonds,
notes or certificates of each issue shall be dated, shall bear
interest at such rate or rates not exceeding six per centum
(6%) per annum, payable semi-annually, shall mature at such
time or times not exceeding fifteen (15) years from the date
or dates of issue thereof, as may be determined by the Mayor
and Council, and any such bonds, notes or certificates may be
made redeemable at any time before maturity, at the option
of the Mayor and Council, at such price or prices and under
such terms and conditions as may be fixed by the Mayor and
Council prior to the issuance of each or any issue of said
bonds, notes or certificates. The principal and interest of such
bonds, notes or certificates may be made payable in any law-
ful medium, and the Mayor and Council shall determine the
form of said bonds, notes or certificates, including any in-
terest coupons to be attached thereto, and shall fix the de-
nominations of said bonds, notes or certificates and the place
or places of payment of the principal and interest thereof,
which may be at any bank or trust company within or with-
out the State of Maryland. All such notes, bonds or certifi-
cates shall be signed by the Mayor of the Mayor and Council
of Crisfield, and the corporate seal of said municipality shall
be affixed thereto attested by the Clerk-Treasurer of said mu-
nicipality, and the coupons attached thereto shall bear the
facsimile signature of said Mayor. In case any officer whose
signature shall appear on any such bonds, notes, certificates
or coupons shall cease to be such officer before the delivery
of such bonds, notes or certificates, such signature shall never-
theless be valid and sufficient for all purposes the same as if
lie had remained in office until such delivery. Such revenue
notes, bonds or certificates may be issued in coupon or in
registered form, or both, as the Mayor and Council may deter-
mine, and provisions may be made for the registration of any
coupon bonds, notes or certificates as to principal alone and
also as to both principal and interest. Said bonds may be de-
livered at their par value and accrued interest to the contractor
constructing said municipal electric light and power system, as
hereinabove provided, in payment of the purchase price there-