80 ARTICLE 2B.

and in such denominations as it may, in its sole discretion, deem necessary.
Such notes, certificates of indebtedness and/or bonds shall bear such rate of
interest not exceeding six percentum per annum, payable at the time of is-
suance of such notes, certificates of indebtedness and/or bonds or thereafter
as may be determined by said Board of County Commissioners of Mont-
gomery County and such notes, certificates of indebtedness and/or bonds
may be issued from time to time and in such form and may be sold in
such manner either at public or private sale and may be renewed or re-
issued as said Board of County Commissioners of Montgomery County
may by resolution determine and the Board of County Commissioners
shall have power to levy against the taxable property in said County,
such sums as may be necessary from time to time to pay the interest on
said notes, certificates of indebtedness and/or bonds, and to retire the
principal thereof at maturity, and shall also have power

(1) to appoint an attorney and such other employees as may be neces-
sary to conduct the County Liquor Dispensaries or stores as above pro-
vided, fix their compensation and require such bonds for the faithful
performance of their duties as the Boards may, in each case, determine,
the number and compensation of such employees to be subject to the
approval of the Board of County Commissioners, and all such employees
shall be subject to removal by the Board of County Commissioners at any
time for any cause which said Board may deem sufficient.

(2) to rent, lease, purchase, build, or otherwise acquire for such terms,
and upon such conditions as may, in the discretion of said Board, be de-
termined, such buildings, sites, land and/or improvements thereon as may
be deemed necessary for the purpose of establishing and maintaining said
dispensaries or stores, and for the purpose of establishing and maintain-
ing such warehouse or warehouses as the Liquor Control Board may deter-
mine to be necessary or desirable.

The net profits derived from the sale of alcoholic beverages by the
Liquor Control Board shall be applied, in the first place, towards the pay-
ment of current interest and retirement charges on such notes, certificates
of indebtedness and/or bonds as may be issued by the Board of County
Commissioners for the purpose of raising funds for the establishment and
operation of the Dispensary System authorized in said County, and after
the payment of such charges, not more than fifty per centum (50%) of
the profits shall be used by the Board of County Commissioners in the
creation of a reserve fund in such amounts as the Board of County Com-
missioners may deem necessary to provide adequate working capital for
the continued operation of said Dispensary System, and all of the re-
mainder of said profits shall be used by the Board of County Commission-
ers in the payment of interest and retirement charges on the Montgomery
County Public School and Road or General Construction Bonds.

Any country club in Montgomery County having one hundred (100)
or more bona fide members paying dues of not less than fifty dollars
($50. 00) per annum per member and maintaining at the time of the