826 LAWS OF MARYLAND. [CH. 421

after the payment of operating expenses, interest on the in-
debtedness of approximately $400, 000. 00 above mentioned,
and after proper allowance for depreciation and for State,
county and city taxes, show a deficit of $10, 861. 56 from Au-
gust 21, 1935, to December 31, 1936; and

WHEREAS, It is of the utmost importance, for the welfare of
the State, and particularly the communities served by said The
Baltimore and Annapolis Railroad Company, that the opera-
tion of said Railroad be continued; and

WHEREAS, It is, in the judgment of the General Assembly of
Maryland, a wise and sound public policy to encourage the
continued operation of said Railroad by the exemption herein
provided.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the railroad property of The Baltimore and Annap-
olis Railroad Company, or so much thereof as may be used
for railroad purposes by said Company, its successors and as-
signs, be exempt from all State taxes and charges, including
contributions to the cause of the construction of railroad
crossings, made or to be made under the authority of the State
Roads Commission, and from all county and city taxes and
charges in the nature of a tax for the years during which the
property is so used, but not exceeding four (4) years, begin-
ning January 1, 1936, provided, however that if at the end of
any one year The Baltimore and Annapolis Railroad Company
shall earn any net income, then said income shall be applied to-
wards the payment of said above mentioned taxes and charges.

Approved May 18, 1937.

CHAPTER 421.

AN ACT to repeal and re-enact with amendments Section
301A of Article 18 of the Code of Public Local Laws of
Maryland (1930 Edition), title "Queen Anne's County", sub-
title "Liquor and Intoxicating Drinks", as said section was
enacted by Chapter 65 of the Acts of the Special Session
of 1933, providing that the holder of an "On Sale" license
may sell beer, ale or porter for consumption on the premises
or elsewhere.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 301A of Article 18 of the Code of Public
Local Laws of Maryland (1930 Edition), title "Queen Anne's