HERBERT R. O'CONOR, GOVERNOR. 475

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

(2) To purchase in sealed packages only from any licensed
wholesaler or manufacturer any sparkling of fortified wine or
any other alcoholic beverage containing more than fourteen
per centum 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 beverage and
import the same for resale, as hereinafter provided; but such
importations shall not be resold until the excise tax has been
paid.

(3) To sell such alcoholic beverages in such sealed contain-
ers or packages purchased as above provided, at such prices
as may be determined by the board, which prices shall be uni-
form 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 Article.

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

73. 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
during all regular business hours, and shall also prepare and
forward to the Board of 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 business
transacted by the Board and the results of the operation of
the dispensaries or branch dispensaries established under the
authority of this section.

All net profits arising from the operation of said dispen-
saries 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 Ten Thousand Dollars ($10, 000), to provide adequate
working capital and to meet any losses that may be sustained
by the Board in the operation of such dispensaries. Seventy-
five per centum (75%) of all net profits in excess of the above