THEODORE R. MCKELDIN, GOVERNOR 115

and all sums, advanced to or borrowed by the Liquor Con-
trol Board. After such sums have been paid, the said
Liquor Control Board shall be authorized to create and
maintain a reserve fund not to exceed [twenty thousand
dollars ($20, 000)] One Hundred Thousand Dollars ($100, -
000. 00) including the total inventory of such stock and
supplies on hand, to provide adequate working capital and
to meet any losses that may be sustained by said Board
in the operation of such dispensaries. Sixty-six and two-
third percent (66 2/3%) of all net profits in excess of the
above shall belong to and be paid over to the County Com-
missioners of Kent County on or before June 1 of each
and every year, the remaining thirty-three and one-third
percent (33⅓%) of all net profits shall on or before June
1 of each and every year, be paid to the governing body
of each of the several incorporated towns of Kent County
in which dispensaries are located, pro rata, in the propor-
tion that the profits derived from the sale of alcoholic bev-
erages in said incorporated towns bears to the total amount
to be paid over to said incorporated towns.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1951.

Approved March 14, 1951.

CHAPTER 55
(Senate Bill 84)

AN ACT to repeal and re-enact, with amendments, Section
143 (j) of Article 2B of the Annotated Code of Mary-
land (1947 Supplement), title "Alcoholic Beverages, "
sub-title "County Dispensaries, " authorizing an increase
in the compensation of the Manager of the Kent County
Dispensaries and of the employees of said Dispensaries.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 143 (j) of Article 2B of the Annotated Code
of Maryland (1947 Supplement), title "Alcoholic Bever-
ages, " sub-title "County Dispensaries, " be and it is hereby

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EXPLANATION: Italics indicate new matter added, to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.