980 LAWS OF MARYLAND. [CH. 440

trust as security for all the holders of policies or guarantees of
said corporation; provided, however, that no such corporation
incorporated under any law of any other State, district or ter-
ritory, the United States or any foreign country, shall be re-
quired to make the deposit above set forth with the Treasurer
of this State if said corporation shall have made with the In-
surance Commissioner, Treasurer or other proper officer of any
State, district or territory in the United States, a deposit in
the amount as above set forth of any securities as shall have

been approved by the proper officer where made, for the benefit
of all the holders of policies or guarantees of said corporation,
as above set forth, and a certificate thereof under the hand and
official seal of said proper officer shall have been filed with said
Treasurer.

SEC. 2. And be it further enacted, That this Act shall take
effect on June 1st, 1922.

Approved April 13th, 1922

CHAPTER 440.

AN ACT to repeal and re-enact with amendments Section 71
of Article 15 of the Code of Public Local Laws of Mary-
land, title "Kent County", sub-title "Chestertown", as
said section was amended by Chapter 416 of the Acts of
. 1920, directing the County Commissioners of Kent County
to pay a certain sum of money to the town of Chestertown
for road purposes.

SECTION 1. Be it enacted by iJie General Assembly of Mary-
land, That Section 71 of Article 15 of the Code of Public Local
Laws of Maryland, title "Kent County", sub-title "Chester-
town", as said section was amended by Chapter 416 of the
Acts of 1920, be and it is hereby repealed and re-enacted with
amendments, to read as follows:

71. The County Commissioners of Kent County shall annu-
ally, on or before the first day of January each and every year,
pay over to the Commissioners of Chestertown, the sum of
two thousand dollars ($2,000), so that the Commissioners of
Chestertown may receive and disburse the said amount for the
purpose of keeping in repair the public roads and bridges of
said Town of Chestertown.