EMERSON C. HARRINGTON, GOVERNOR. 975

CHAPTER 473.

AN ACT to amend Article 77 of the Annotated Code of Mary-
land, title "Public Education," sub-title "The County Sup-
erintendent of Schools," as amended by Chapter 506 of the
Acts of 1916, by adding a new section to said Article to
follow immediately after Section 78, and to be known as Sec-
tion 78-A; providing for the deposit at interest by the coun-
ty superintendent of schools of all county school funds com-
ing into his hands as treasurer of the county board of edu-
cation.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Article 77 of the Annotated Code of Mary-
land, title "Public Education," sub-title "The County Super-
intendent of Schools," as amended by Chapter 506 of the Acts
of 1916, be and the same is hereby amended by adding a new
section to follow immediately after Section 78 and to be known
as Section 78-A, and to read as follows:

78-A. The county superintendent of schools as treasurer of
the county board of education in the several counties is hereby
authorized and directed to deposit daily all public funds and
moneys which shall come into his hands for or on account of
the public schools, in such bank, banks, or banking institutions
in his county which will agree to pay the highest rate of interest,
in no case to be less than 2% per annum, compounded semi-
annually, upon the daily balances, such bank, banks, or bank-
ing institutions to be selected and designated by the county
board of education of said county. The interest received on
the deposits shall be credited semi-annually to the school funds
and become a part of said funds to be accounted for by the
superintendent of schools in the same manner as the other school
funds.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1918.

Approved April 18th, 1918.

CHAPTER 474.

AN ACT to repeal and re-enact with amendments Section 1 of
Article 68 of the Code of Public General Laws, title "Nota-
ries Public."