HERBERT R. O'CONOR, GOVERNOR. 1791

special electric light and power fund hereinafter provided
for; the segregation of said revenues and receipts so deposited
into such accounts for operation and maintenance of said
system and for payment of interest on and principal of said
revenue notes, bonds or certificates as said Mayor and Council,
in its discretion, may determine; the covenant and agreement
of the Mayor and Council not to sell, lease, loan or in any
other manner dispose of or further mortgage or incumber
said municipal electric light and power system or the revenues
or receipts thereof, until all of said notes, bonds or certificates
so issued and disposed of from time to time, including any
refunding revenue notes, bonds or certificates hereafter au-
thorized, shall have been paid in full, both principal and
interest, or provision shall have been made for the payment
thereof; the maintenance in good condition and the continu-
ing operation by said Mayor and Council of said municipal
electric light and power system; the maintenance of insur-
ance on said municipal electric light and power system of
the same kind or kinds and in the same amount as that which
would normally be maintained by a private utility company
engaged in a similar type of business; the payment of all
taxes on said municipal electric light and power system, or
the property or revenues thereof, whether assessed by the
State of Maryland or by any political sub-division thereof, or
by the United States of America; the keeping by said Mayor
and Council of proper books of records and accounts separate
from all other records and accounts in which complete entries
shall be made of all transactions relating to said municipal
electric light and power system; the furnishing to any holder
of any of said revenue notes, bonds or certificates upon writ-
ten request within a reasonable time after the close of each
semi-annual interest-payment period, of complete operating
and income statements of said system in reasonable detail
covering such semi-annual interest period and, not more than
sixty (60) days after the close of each fiscal year, complete
financial statements of said system covering said fiscal year,
certified by the auditors of said Mayor and Council; the ex
amination by the holder or holders of any of said revenue
notes, bonds or certificates, at reasonable times, of said mu-
nicipal electric light and power system and all records, ac-
counts and data relating thereto; provided, however, that
the Mayor and Council shall not be required to pay the cost
of keeping and performing any such duty or condition, or
any covenant or agreement with reference thereto from any
source other than from the revenues of the said municipal
electric light and power system deposited in the special elec-
tric light and power trust fund hereinafter provided for.