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Session Laws, 1947
Volume 411, Page 997   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 997

(2) The governing body of the Town of Betterton shall use
its share of the receipts from the dispensary located in said
town for improving the sewerage system and when these im-
provements have been completed, then for improving the water
supply system, and such receipts shall not be used for any
other purpose until the said improvements have been made.
The governing body of the Town of Galena shall use its share
of the receipts from the dispensary located in said town for
installing water mains and contracting for securing water or
for purchasing a water supply, and such receipts shall not be
used for any other purpose until the said improvements have
been made.

(3) The governing body of the Town of Rock Hall shall use
its share of the receipts from the dispensary located in said
town for improving the water system or constructing a sewer
system, as said town commissioners shall determine, and such
receipts shall not be used for any other purpose until the said
improvements have been made.

(d) MONTGOMERY COUNTY. The net profits derived from the
sale of alcoholic beverages by the Liquor Control Board shall
be applied, in the first instance towards the payment of cur-
rent 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, secondly, the Liquor Control Board shall retain such
amounts as in their discretion are necessary for the creation
of a reserve and operating fund to provide adequate working
capital for the continued operation of said Dispensary System,
which sum to be retained by the Liquor Control Board in any
one (1) year however, shall not exceed ten (10) per cent of
the average of the gross sales of beer for such year and the
immediate preceding year, and forty (40) per cent of the
average of the gross sales of wines and liquors for such year
and the immediate preceding year, the Liquor Control Board
may, however, retain such additional sums for working capital
in any one (1) year as may be allowed by the Board of County
Commissioners of Montgomery County, and, thirdly, the re-
mainder of said profits, if any, shall be paid to the Board of
County Commissioners to be used by them for any purpose
which they may deem necessary.

(e) QUEEN ANNE'S COUNTY. 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 ad-
vanced to or borrowed by the Liquor Control Board. After
such sums have been paid, the said Board shall be authorized

 

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Session Laws, 1947
Volume 411, Page 997   View pdf image (33K)
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