1790 LAWS OF MARYLAND. [CH. 930

to secure the payment of said revenue notes, bonds or certi-
ficates may cover any or all of the plants and equipment from
time to time constituting any part of said municipal electric
light and power system, and such mortgage or deed of trust
shall be executed in such manner as shall be directed by law
for the acknowledgment and recording of mortgages of real
estate and may contain such provisions and conditions not
in conflict with the provisions of this Act as may be deemed
necessary or advisable to secure the payment of said revenue
notes, bonds or certificates described therein. Any such
mortgage or trust indenture shall define the conditions of
default in the payment of principal and interest of said
revenue notes, bonds or certificates as above outlined and all
other conditions of default in executing the convenants con-
tained in said mortgage or trust indenture, and in the event
any such default shall occur and be continuing, as provided
in said mortgage, it shall be lawful for any such mortgagee
or trustee, upon the request of the holder or holders of a
majority in amount of the notes, bonds or certificates issued
and outstanding under such mortgage or trust indenture to
declare the whole principal of all such revenue notes, bonds
or certificates as may be outstanding and the interest thereon
to be at once due and payable, and to proceed to foreclose
such mortgage or trust indenture in any court of competent
jurisdiction. Such mortgage or trust indenture shall contain
a provision that upon any such foreclosure, the purchaser or
purchasers of said municipal electric light and power system
shall have the privilege or franchise to maintain and operate
said system for a period not exceeding ten (10) years from
and after the date such property may come into their posses-
sion, provided that the purchase of said municipal electric
light and power system and the maintenance and operation
thereof by said purchaser or purchasers, and the rates to be
charged for electrical service by said purchaser or purchasers,
shall first be consented to and approved by the Public Service
Commission of Maryland.

Without limiting the generality of the foregoing, said Mayor
and Council may convenant and agree in any such contract,
mortgage, conveyance, trust indenture or ordinance for: the
punctual performance of all duties with reference to said mu-
nicipal electric light and power system and said revenue notes,
bonds or certificates required by the Constitution and laws
of the State of Maryland; the fixing of sufficient rates for
the product and service of said municipal electric light and
power system, subject to the control and jurisdiction of the
Public Service Commission of Maryland; the collection of
rates charged and the depositing of the revenues and receipts
of said municipal electric light and power system in the