THEODORE R. MCKELDIN, GOVERNOR 1889

145.

(d) (Montgomery County. ) All monies derived from the sale
of alcoholic beverages shall be deposited in a bank or banks
located within Montgomery County in the name of Mont-
gomery County, Maryland, and such money shall be disbursed
by the Director of Finance in the same manner as other
County funds. There is hereby established a revolving fund
which shall be used only for purchases of merchandise for
re-sale in the County Dispensaries. The amount of said re-
volving fund shall be in such sum as in the discretion of the
Director of the Department of Liquor Control, approved by
the County Manager and the Director of Finance, is necessary
for the creation of a reserve and operating fund to provide
adequate working capital for the continued operation of the
Dispensary System. The said revolving fund shall be replen-
ished from general funds by the Director of Finance as vouch-
ers are submitted by the Director of the Department of
Liquor Control certifying as to the amount of purchases con-
tracted for. The net profits derived from the sale of alcoholic
beverages shall be applied in the first instance toward the
payment of current interest and retirement charges on such
notes, certificates of indebtedness and/or bonds as may be
issued by the County Council for the purpose of raising funds
for the establishment and operation of the Dispensary System.
Secondly, the net proceeds shall be applied to the creation of
the revolving fund provided for herein. Thirdly, the balance
of said net proceeds shall be deposited as general funds of
Montgomery County.

SEC. 5. And be it further enacted, That this act shall take
effect June 1, 1951.

Approved April 30, 1951.

CHAPTER 634
(House Bill 178)

AN ACT to repeal and re-enact, with amendments, Section 47
of Article 7 of the Code of Public Local Laws of Maryland
(1930 Edition), title "Carroll County, " sub-title "County

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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.