864 LAWS OF MARYLAND. [CH. 453

derived from the investment of the capital or surplus of any
of the corporations mentioned in said section, and In case of
the use of monies received or deposited, they shall include
only the difference between the receipts, earnings or reve-
nues derived from the use of such deposited monies, and the
interest paid on such deposits; provided, however, that in
the determination of the amount of taxable receipts derived dur-
ing the year 1926 and subsequent years this section shall not be
applicable to corporations other than trust companies and
title insurance companies.

The foregoing proviso shall not be construed as implying
that in the absence of the same, this section could properly be
otherwise construed.

Approved April 5, 1927.

CHAPTER 453.

AN ACT to authorize and direct the Board of Public Works of
Maryland to sell the securities held by the State of Mary-
land for the benefit of the Free School Fund, and to provide
for the disposition of the proceeds of said sale.

WHEREAS, the State of Maryland is the owner of the follow-
ing securities standing to the credit of the Free School Fund?
each of said securities being registered in the name of the
Treasurer of Maryland for the use of the Free School Fund,
as follows:

Certificates numbers 2160 to 2165 for 100 shares of preferred
stock of the B. & O. R. R. Co.

Certificate number B-5296 for 20 shares of preferred stock
of the B. & O. R. R. Co.

Certificates numbers C-5273 to C-5280 for 100 shares each of
common stock of the B. & O. R. R. Co.

Certificate number A-3037 for 85 shares of common stock of
the B. & O. R. R. Co.

Certificate number A-121410 for 1 share of common stock of
the B. & O. R. R. Co.

Certificate number 3, State Loan of 1914, 4%, due January
1, 1929, for $15, 488.

Bonds numbers 4415, 4549, 23219 to 23221 and 23860 of the
United Railways and Electric Co. 1st mortgage, 4's, for $1, 000
each or $6, 000.

Certificate number 1, State Loan of 1914, 4%, due January
1, 1929, for $72, 328. 95.