250 LAWS OF MARYLAND [CH. 74

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1954.

Approved April 2, 1954.

CHAPTER 74

(Senate Bill 107)

AN ACT to repeal and re-enact, with amendments, Section
22 of Article 95 of the Annotated Code of Maryland
(1951 Edition), title "Treasurer", relating to the invest-
ment of certain funds in banks of the State of Maryland.

SECTION 1. Be it enacted lay the General Assembly of Maryland,
That Section 22 of Article 95 of the Annotated Code of
Maryland (1951 Edition), title "Treasurer", be and the
same is hereby repealed and re-enacted, with amendments,
to read as follows:

22. 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 gov-
erning body of each municipality, town, body politic, public
body corporate, school, road, drainage, improvement, con-
struction or soil conservation district or commission in the
State, including, by way of enumeration and not in limita-
tion, the Upper Potomac River Commission, the State
Roads Commission, County School Boards and other polit-
ical sub-divisions and bodies politic of the State and any
agency of any political sub-division of the State, and the
Trustees or other officers in charge of any pension or
retirement 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-invest and keep invested all unexpended or surplus
moneys in any fund or account, of which they have custody
or control, in bonds or other obligations, for the payment
of principal and interest of which the faith and credit of
the United States of America are pledged, and to sell the

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.