396 LAWS OF MARYLAND. [CH. 220

which such disbursements were made and the amounts of bal-
ances on deposit to his credit in Banks and Trust Companies
together with the name of the Bank, Banks or Trust Company
where deposited and on the first day of January in each year,
he shall make a similar report covering the receipts and dis-
bursements for the preceding year and also a further state-
ment of all County and State taxes placed in his hands for col-
lection, and all erroneous and insolvent tax bills for which he
shall claim credit and on the first days of July and January
in each year he shall make a report of interest received by him
from all sources for County purposes for the six months previous
thereto.

SEC. 469A. All money belonging to the County received by
the Treasurer shall within one week thereafter be deposited in
such bank, banks or trust companies as the County Commission-
ers may approve; and all such money when so received shall
be deposited in two classes of accounts; the first class of ac-
counts shall be the Treasurer's daily check account to meet cur-
rent expenses which daily check account or accounts shall not
exceed the gross sum of ten thousand dollars except as directed
by the order of the County Commissioners; the second class
of accounts shall be for all other funds or moneys belonging
the county which shall be deposited in an approved bank, banks
or trust companies in the State of Maryland on checking ac-
counts bearing interest of not less than 3% on daily balances
and the County Treasurer shall only check on the second class
or interest bearing Daily Balance accounts at such time as it
shall be necessary to keep the accounts of the first class suffi-
cient to meet current expenses and provided that the deposit
made in any bank or Trust Company shall not exceed 50% of
the paid in Capital stock of such Bank or trust Company.

SEC. 2. And be it further enacted, That all Acts or parts of
Acts inconsistent with this Act are hereby repealed.

Approved April 5, 1927.

CHAPTER 220.

AN ACT to add a new and additional Section to the Code of
Public Local Laws of Maryland, title "Frederick County, "
sub-title "Frederick, " as codified in the Code of Public Local
Laws prepared by Edward S. Delaplaine, Esq., legalized by
Chapter 99 of the Acts of 1922, relating to the collection of
taxes in Frederick City.