80 LAWS OF MARYLAND. [CH. 78

(3/5) of all the members elected to each of the two Houses of
the General Assembly, the same shall take effect from the date
of its passage.

Approved March 11, 1943.

CHAPTER 78.
(Senate Bill 70)

AN ACT to add a new section to Article 95 of the Annotated
Code of Maryland (1939 Edition), title "Treasurer", said new
section to be known as Section 38, to follow immediately
after Section 37 of said Article, to authorize the investment
of certain funds of the State and political sub-divisions
thereof, of agencies, departments and commissions of the
State and of trustees and other persons in charge of pen-
sion and retirement systems in certain obligations of the
United States of America and the reinvestment and sale
thereof under certain conditions.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new Section be and the same is hereby added to
Article 95 of the Annotated Code of Maryland (1939 Edition),
title "Treasurer", said new section to be known as Section 38,
to follow immediately after Section 37 of said Article, and to
read as follows:

38. Notwithstanding any provision of law or ordinance to
the contrary or any limitation or restriction contained in any
other law or ordinance, the Treasurer of the State, the County
Commissioners of each County of the State, and the chief fiscal
or administrative officer or officers or governing body of each
municipality, town, body politic, public body corporate, school,
road, drainage, improvement, construction or soil conservation
district or commission in the State, including, by way of enum-
eration and not in limitation, the Upper Potomac River Com-
mission, the State Roads Commission, County School Boards
. and other political subdivisions and bodies politic of the State
; and any agency of any political subdivision of the State, and
the trustees or other officers in charge of any pension or re-
tirement system or fund of the State or of any political sub-
division thereof or any agency or department of either are
hereby severally authorized and empowered to invest, re-in-
vest and keep invested all unexpended or surplus moneys in any
fund or account, of which they have custody or control, in
bonds and other obligations, for the payment of principal and