HARRY W. NICE, GOVERNOR. 79

In addition to all fees, premiums, taxes or other sums im-
posed by law, each license under the provisions of this section
shall pay to the Comptroller within five days after the close
of the last meeting held each season, a tax at the rate of 1%
on all money wagered on all races during said season above
the sum of Five Hundred Thousand Dollars ($500, 000. 00), the
intention of this Act being that all money wagered up to and
including Five Hundred Thousand Dollars ($500, 000. 00) with
any one organization during any one season shall be exempt
from the provisions of said tax. In addition to all other
license fees and taxes hereinbefore or elsewhere provided for,
every such licensee shall pay to the Commission an additional
license fee or tax of 5% of the net revenue, as shown in a
sworn statement to be submitted to and approved by the Com-
mission, and for this purpose, the said Commission shall have
all the powers relative to the production or auditing of books
as provided in Section 11 of this Article. The funds derived
from the above taxes, together with any amount from un-
claimed premiums as set forth in the preceding paragraph,
shall be placed in a special fund by the Comptroller to be used
for the purpose of conducting such competitive agricultural
exhibitions as may be provided by law, and any balance re-
maining unexpended in said special fund at the end of the
fiscal year following the one in which it is collected shall be
transferred by the Comptroller to the general fund of the
State of Maryland.

All licensees under this section shall keep books. and ac-
counts of all money bet and premiums paid, together with all
other receipts and expenditures. Said books and accounts
shall be at all times open to inspection by the representatives
of the Racing Commission, and to audit by the State Auditor.

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

Approved March 24, 1937.

CHAPTER 65.

AN ACT to repeal and re-enact with amendments Sections 3, 4,
47 and 49 of Article 59 of the Annotated Code of Maryland
(1924 Edition), title "Lunatics and Insane", sub-titles "Lu-