THEODORE R. MCKELDIN, GOVERNOR 297

instructed by the Board of Managers, by check duly signed
by him as Treasurer and countersigned by the Chairman
or Vice-Chairman. He shall keep such accounts and books
as directed by the Board of Managers and shall make all
necessary reports required of him by the Board of Man-
agers under this Chapter and by the laws of the State of
Maryland. The Treasurer of Chevy Chase Village shall give
bond, with corporate surety to be approved by the Board
of Managers, in such amount as the Board of Managers
shall determine, conditioned upon the faithful accounting
by him for all monies which shall pass through his hands
as Treasurer and the payment over to his successor of all
such monies as remain in his hands upon the termination
of his tenure of office. The premium on the bond shall be
paid by Chevy Chase Village.

In the event of the incapacity or absence of the Treas-
urer, the Board of Managers shall elect a temporary Treas-
urer who shall act in the place of the Treasurer and who
shall have the power to sign all checks in addition to his
other powers and duties.

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

Approved March 27, 1953.

CHAPTER 147
(House Bill 468)

AN ACT to authorize and empower The City of Salisbury
to borrow upon the faith and credit of said corporation a
sum or sums of money not exceeding One Hundred Ninety
Thousand Dollars ($190, 000. 00), and to issue bonds for
the payment of the same and to use the proceeds thereof
for the purpose of extending and improving the water
supply, sanitary sewer and storm water drainage sys-
tems of the City of Salisbury; and providing for the
manner of payment of said bonds.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of improving and extend-

——————

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.