HERBERT R. O'CONOR, GOVERNOR. 1475

fix their compensation and require such bonds for the faithful
performance of their duties as the Board may in each case
determine.

(2) To purchase from any licensed wholesaler or manu-
facturer any sparkling or fortified wine or any other alcoholic
beverage containing more than 14% of alcohol by volume upon
which the tax imposed by this Article has been paid, and to
purchase from any non-resident producer or dealer any such
alcoholic beverages and import the same for resale, as herein-
after provided; but such importations shall not be resold until
the excise tax 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 Dorchester County any con-
tainers or packages of alcoholic beverages kept for sale in the
dispensary or branch dispensaries, provided that such ship-
ment is not prohibited by law applicable in the place where
shipment is consigned.

48L. 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 Deputies
or inspectors during all regular business hours, and shall also
prepare and forward to the County Commissioners a report
for the period ending on April 30th, in each year, which
report shall contain a full and complete statement of the busi-
ness transacted by the Board and the results of the operation
of the dispensary or branch dispensaries established under the
authority of this Act.

48M. All net profits arising from the operation of said
dispensary 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 maintain a
reserve fund not to exceed $10, 000. 00, including the total in-
ventory of stock and supplies on hand, to provide adequate
working capital and to meet any losses that may be sustained
by the Board in the operation of such dispensaries. Ten per