244 LAWS OF MARYLAND.

tional Bank of Maryland of the par value of twenty-five dol-
lars per share; and

Whereas, It is now deemed best that the State should dispose
of its holdings of the capital stock of said bank; now, there-
fore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the. Board of Public Works of the State of Mary-
land be and they are hereby authorized and directed to sell
within sixty days from the passage of this Act the one thou-
sand and fifty-four shares of the capital stock of the Easton
National Bank of Maryland now owned by the State of Mary-
land, after advertising for at least thirty days in two news-
papers published in Talbot county, Maryland, for sealed pro-
posals for the purchase of said stock, and said stock shall be
sold to the highest bidder or bidders, to be paid for in the
bonds and registered debt now owing by the State equal in
amount to the price obtained for the State's said interest in
said stock; provided, that said stock shall not be sold for less
than fifty dollars per share.

SEC. 2. And be it enacted, That if, after advertising for pro-
posals to purchase said stock as provided in Section 1 of this
Act, no such sealed proposals shall be submitted for the pur-
chase of said stock; or, if no proposal is received offering as
much as fifty dollars per share for said stock, the Board oi"
Public Works is hereby authorized and directed to sell said
stock at private sale upon the best terms and the highest price
which can be obtained for said stock; provided, said offer is-
not below fifty dollars per share.

SEC. 3. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 7, 1910.

ARTICLE LXXXI.

REVENUE AND TAXES.

CHAPTER 446.

AN ACT to add an additional section to Article 81 of the Code
of Public General Laws of Maryland, title "Revenue and
Taxes," sub-title "Exemptions," to be designated Section 4A;
and to regulate the exemption from taxation -of graveyards,
cemeteries or cemetery companies which do not accumulate
profits for any purpose except for the maintenance or im-
provement of such cemeteries or graveyards as cemeteries or
graveyards.