1126 LAWS OF MARYLAND. [CH. 449

summer term; and the time of beginning and closing each
term shall be regulated by the county board of education; pro-
vided, that the financial reports of the schools of the State
shall be made up and rendered to the thirty-first day of July,
inclusive of each and every year; and provided, further, that
there shall be no change in or encroachment upon the holidays
and vacation set forth and established in the following para-
graph:

The months of July and August shall be vacation throughout
the whole State, and the following days shall be holidays, viz:
Thanksgiving Day, and the day after; from Christmas Eve to
the first day of January, inclusive; and from the Friday before
Easter to the Monday after Easter, inclusive; and a holi-
day on general election days. On Washington's Birthday, the
schools shall devote a portion of the day to exercises bearing
on the life and services of "The Father of our Country";
and on November 11th, known as "Armistice Day", the schools
shall devote a portion of the day to exercises bearing on the
World War and the participation of the United States and
the State of Maryland in said war. Maryland Day, Arbor Day
and Memorial Day shall be observed at such a time and in
such manner as the State Board of Education may direct.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1924.

Approved April 9, 1924.

CHAPTER 449.

AN ACT to repeal and re-enact with amendments Sections 1 and
2 of Article 49-A of the Annotated Code of Maryland, title
"Investments, " making legal the investment of trust, fidu-
ciary, savings and other public and private funds in Joint
Stock Land Bank Bonds.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 1 and 2 of Article 49-A of the Annotated
Code of Maryland, title "Investments, " be and they are hereby
repealed and re-enacted with amendments to read as follows:

1. Federal Farm Loan Bonds issued by Federal Land Banks,
and Joint Stock Land Bank Bonds issued by Joint Stock Land
Banks, under an Act of Congress approved July seventeenth,
one thousand nine hundred and sixteen, entitled "An Act to