52 LAWS OF MARYLAND. [CH. 2

(2) To purchase from any licensed wholesaler or manu-
facturer any sparkling or fortified wine or any other alco-
holic beverage containing more than fourteen per centum of
alcohol by volume, upon which the tax imposed by this Act
has been paid.

(3) To sell such alcoholic beverages in sealed containers,
as above provided, at such prices as may be determined by
the Board, which prices shall be uniform in all stores in the
said County and shall in no case be less than the cost of such
alcoholic beverages.

(4) To refuse to sell any such alcoholic beverages to any
person or persons who, in the judgment of the Board, is not
a suitable person to purchase or consume such beverages.

(5) To make any and all contracts, rules and regulations
which they may deem necessary or desirable to carry out
the powers conferred upon them by this Act.

(6) To sell and ship outside of Wicomico County any con-
tainers or packages of alcoholic beverages kept for sale in
the dispensary or branch dispensaries, provided that such
shipment is not prohibited by law applicable in the place
where shipment is consigned.

The Liquor Control Board shall keep accurate records of
all purchases of alcoholic beverages, which records shall be
open to inspection by the Comptroller or any of his Depu-
ties or inspectors during all regular business hours, and
shall also prepare and forward to the Board of County Com-
missioners, a report for the period ending on April 30th, in
each year, which report shall contain a full and complete
statement of the business transacted by the Board and the
results of the operation of the dispensary or branch dispen-
saries established under the authority of this Section.

All net profits arising from the operation of said dispen-
sary or branch dispensaries shall be first applied towards
the payment of any and all sums advanced to or borrowed
by the Liquor Control Board. After such sums have been
paid, the said Board shall be authorized to create and main-
tain a reserve fund not to exceed $5, 000. 00, to provide ade-
quate working capital and to meet any losses that may be
sustained by the Board in the operation of such dispensaries.
All net profits in excess of the above shall belong to and be
paid over to the County Commissioners of Wicomico County
on or before June 1st, in each and every year.

48C. MEMBERS OF BOARD AND EMPLOYEES TO
HAVE NO FINANCIAL INTEREST IN OFFICIAL