J. MILLARD TAWES, Governor                           11

of an agreement described in § 266G (c) of this subheading, to pro-
vide for the operation and maintenance of the building or buildings
and an adequate depreciation account.

(c) The ordinance or resolution may provide that the lessee shall
covenant and agree properly to operate and maintain the industrial
building or buildings during the time any bonds issued to finance the
industrial building or buildings are outstanding. Any such agree-
ment to maintain shall include a specific undertaking by the lessee to
make all equipment replacements and repairs necessary to insure that
the security for the industrial bonds shall not be impaired.

266H.

(a)   If a surplus is accumulated in the operating and maintenance
funds, if any, equal to the cost of maintaining and operating the in-
dustrial building or buildings during the remainder of the calendar,
operating or fiscal year, and during the succeeding like year, any
excess over such amount may be transferred at any time by the legis-
lative body of the municipality or county to the depreciation account,
to be used for improvements, extensions, or additions to the building
or buildings.

(b)   The funds accumulating to the depreciation account, if any,
shall be expended in balancing depreciation in the industrial building
or buildings or in making new constructions, extensions or additions
thereto. Any such accumulations may be invested as the legislative
body of the municipality or county may designate, and if invested, the
income from such investment shall be carried into the depreciation
account.

(c)  Upon liquidation of the project or the conveyance of the prop-
erty under the terms of this subheading, all funds remaining in the
depreciation account, if any, or other surplus funds accruing to the
project shall revert to the general funds of the municipality or county.

Sec. 2. And be it further enacted, That this Act is hereby declared
to be an emergency law, necessary for the immediate preservation of
public health and safety and, having been passed by a yea and nay
vote supported by three-fifths of the members elected to each of the
two houses of the General Assembly of Maryland, the same shall take
effect from the date of its passage.

Approved February 18, 1965.

CHAPTER 6
(Senate Bill 3)

AN ACT to repeal and re-enact, with amendments, Section 61 of
Article 17 of the Annotated Code of Maryland (1964 Supplement),
title "Clerks of Courts," subtitle "Clerks of Circuit Courts and
Superior Court of Baltimore City," and to add new Section 62A
to the said Article and subtitle of the Code (1957 Edition), to
follow immediately after Section 62 thereof, to change the ap-