HERBERT R. O'CONOR, GOVERNOR. 985

gale by said County Commissioners of Baltimore County of
any property heretofore or hereafter purchased by them at
any tax sale for the default in the payment of taxes, and sub-
sequently re-sold by said County Commissioners; (c) any un-
expended balance remaining from the appropriation for any
department of the County Government for which a tax levy
is made, and/or any unappropriated or unexpended surplus
remaining in the hands of said County Commissioners, and/or
County Treasurer, at the end of each fiscal year; (d) any ar-
rearages of taxes which may be collected by the Treasurer of
Baltimore County and which were due and payable two years
or more prior to the year in which the same are collected; (e)
such part of the receipts from the sale of alcoholic beverage
licenses, as said County Commissioners may determine can be
with safety and a proper regard to the financial condition of
Baltimore County transferred to said "Surplus and Reserve
Account. "

Provided, however, that said "Surplus and Reserve Account"
shall at no time exceed the sum of Four Hundred Thousand
($400, 000. 00) Dollars. The funds of said "Surplus and Reserve
Account" shall be kept entirely separate and apart from all
other funds and monies of the said Commissioners and of the
County, and the said Commissioners shall invest the same in
the purchase of any bonds heretofore or hereafter issued on
the faith and credit of Baltimore County, including Metro-
politan District Bonds, and/or bonds of the United States Gov-
ernment or of the State of Maryland, whenever any of such
bonds can be obtained at an advantageous price; or in the sav-
ings departments of such bank or banks in Baltimore County
as shall offer the highest rate of interest thereon; any interest
or Income received from the investment of said funds to be
and become a part of said "Surplus and Reserve Account. "

The County Commissioners of Baltimore County are hereby
empowered, whenever in their judgment it becomes necessary
to do so, to expend all or any part of said "Surplus and Re-
serve Account" for improvements of a permanent nature in
the physical property of said County, such as school buildings,
fire houses, police stations, bridges, new road construction and
projects of a similar nature, and for such purposes are author-
ized to sell, at the best price obtainable, any or all of such
investments as may have been made by them of the funds in
said "Surplus and Reserve Account", pursuant to the provi-
sions of this Act.

SEC. 2. And be it further enacted, That any and all laws, or
parts of laws, whether local or general, inconsistent with the
provisions of this Act, be and the same are hereby repealed to
the extent of such inconsistency.