264 ARTICLE 2B

said Liquor Control Board shall also be authorized to borrow money,
from time to time, upon the credit of said Board, from any banking
institution; provided, however, that the aggregate sum advanced to or
borrowed by the Liquor Control Board shall at no time exceed the sum of
$8, 000. 00. All sums advanced to the Liquor Control Board by the
County Commissioners, and all sums borrowed by the County Commis-
sioners or the Liquor Control Board shall bear interest not exceeding 6%
per annum, and shall be repaid, together with the interest thereon, out of
the receipts from sales made at the County Liquor Dispensary, or branch
dispensaries.

The Liquor Control Board shall have full power and authority,

(1) To appoint such employees as may be necessary to conduct such
County Liquor" Dispensary or branch dispensaries, fix their compensation
and require such bonds for the faithful performance of their duties as the
Board may in each case determine.

(2) To purchase from any licensed wholesaler or manufacturer any
sparkling or fortified wine or any other alcoholic beverage containing more
than fourteen per centum of alcohol by volume, upon which the tax im-
posed by this Article has been paid, and to purchase from any nonresident
producer or dealer any such alcoholic beverages and import the same for
resale, as hereinafter provided; but such importations shall not be resold
until the excise tax has been paid.

(3) To sell such alcoholic beverages in sealed containers, as above
provided, at such prices as may be determined by the Board, which prices
shall be uniform in all stores in the said County and shall in no case be
less than the cost of 'such alcoholic beverages.

(4) To refuse to sell any such alcoholic beverages to any person or
persons who, in the judgment of the Board, is not a suitable person to
purchase or consume such beverages.

(5) To make any and all contracts, rules and regulations which they
may deem necessary or desirable to carry out the powers conferred upon '
them by this Article.

(6) To sell and ship outside of Wicomico County any containers or
packages of alcoholic beverages kept for sale in the dispensary or branch
dispensaries, provided that such shipment is not prohibited by law ap-
plicable in the place where shipment is consigned.

The Liquor Control Board shall keep accurate records of all purchases
of alcoholic beverages, which records shall be open to inspection by the
Comptroller or any of his Deputies or inspectors during all regular busi-
ness hours, and shall also prepare and forward to the Board of County
Commissioners, a report for the periods ending on January 1st, April 1st,
July 1st, and October 1st in each year, which report shall contain a full
and complete statement of the business transacted by the Board and the
results of the operation of the dispensary or branch dispensaries estab-
lished under the authority of this Section for the preceding three months.

All net profits arising from the operation of said dispensary or branch
dispensaries shall be first applied towards the payment of any and all
sums advanced to or borrowed by the Liquor Control Board. After such
sums have been paid, the said Board shall be authorized to create and
maintain a reserve fund not to exceed $10, 000. 00, including the total
inventory of stock and supplies on hand, to provide adequate working
capital and to meet any losses that may be sustained by the Board in the
operation of such dispensaries. All net profits in excess of the above