MARVIN MANDEL, Governor                             2329

or to become engaged, in the business of transmitting
such gas or gases directly to local consumers in this
State along its proposed rights—of—way, and is not
offering to contract with those local consumers to supply
them directly with gas or gases upon terms and conditions
subject to the approval of the Public Service Commission
of Maryland, and which corporation shall not have
certified to the State Department of Assessments and
Taxation the name and address of an agent of the
corporation, resident in this State, service of process
upon whoa shall bind the corporation until the
appointment of a substitute duly certified to the State
Department of Assessments and Taxation; but nothing
contained in this proviso affects the right of any
corporation which is now transmitting such gas or gases
for public use through one or more pipe lines in this
State, to condemn as aforesaid for public use necessary
rights—of—way or easements for a pipe line or pipe lines
now in use or appurtenances thereto, or for any
incidental relocations thereof, or for any additional
pipe lines or appurtenances thereto along and on the same
routes or along and on any incidental relocations
thereof, so that the right of any such a corporation to
condemn for those purposes shall be determined as if this
proviso had not been enacted.

402.

(a) The board of directors of a cooperative shall
have full power and authority, without authorization by
the members thereof, to authorize the execution and
delivery of a mortgage or mortgages or a deed or deeds of
trust of, or the pledging or encumbering of, any or all
of the property, assets, rights, privileges, licenses,
franchises and permits of the cooperative, whether
acquired or to be acquired, and wherever situated, as
well as the revenues and income therefrom, all upon such
conditions as the board of directors shall determine, to
secure any indebtedness of the cooperative to the United
States of America, to any agency or instrumentality
thereof, to a national financing institution, organized
on a cooperative plan for the purpose of financing its
members' programs, projects and undertakings, in which
the cooperative holds membership, or to any other
financing institution, and provided further that such
loans shall not be subject to the provisions of [Article
21], §4-106(b) OF THE REAL PROPERTY ARTICLE OF THE CODE.

SECTION 3. AND BE IT FURTHER ENACTED, That Section
95, of Article 23B — Municipal Corporation Charter, of
the Annotated Code of Maryland (1973 Replacement Volume
and 1973 Supplement) be and it is hereby, repealed and
re—enacted, with amendments, to read as follows: