1796 LAWS OF MARYLAND [CH. 772

"Corporations, " sub-title "Buildings or Homestead Cor-
porations, " to be known as Section 153A of said Article
and to be placed immediately following Section 153 thereof,
and to read as follows:

153A. It shall be lawful for any building association,
land company, homestead association, or other associa-
tion formed under this sub-title to forego the payment of
dividends from time to time on their "Christmas" and/or
"Vacation Club" funds in account with them, but said
building association, land company, homestead association
or other association formed as above mentioned may pay
dividends on other funds in account with them during the
same dividend period.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved May 6, 1953.

CHAPTER 772
(House Bill 385)

AN ACT to repeal and re-enact, with amendments, Section
61 of Article 14 of the Code of Public Local Laws of
Maryland (1930 Edition), title "Howard County, " sub-
title "County Commissioners and County Collectors, "
providing that the County Commissioners of Howard
County may borrow for current operations OR CAPITAL
IMPROVEMENTS, OR BOTH, during the calendar year
1953 an amount of money to be secured by tax anticipa-
tion notes, which notes must be finally paid during the
budget year TWO BUDGET YEARS next succeeding
the year of issuance, AND PROVIDING THAT INTER-
EST PAID UPON SAID NOTES SHALL NOT BE
TAXABLE BY THE STATE OF MARYLAND OR BY
ANY POLITICAL SUBDIVISION THEREOF.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 61 of Article 14 of the Code of

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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.