J. MILLARD TAWES, GOVERNOR                              557

have been redeemed, an amount which together with any so-called
"Building Incentive Fund" shall be sufficient to pay the annual in-
terest on the bonds and to redeem them as they mature, provided,
however, that the said Board of County Commissioners are hereby
authorized, empowered and directed first to use any monies received
by it or by the said Board of Education of Howard County under and
by virtue of the provisions of the so-called "Building Incentive
Fund" for public school buildings as made or as may be made avail-
able by law, to pay the interest on and to redeem said bonds as they
mature.

Sec. 8. And be it further enacted, That all bonds issued pursuant
to the authority of this Act, and the interest thereon, and the income
derived therefrom, in the hands of the holders thereof from time to
time, shall be and are hereby declared to be exempt from State,
County and municipal taxation of every kind and nature whatsoever
in the State of Maryland.

Sec. 9. And be it further enacted, That this Act is hereby de-
clared to be an emergency measure and necessary for the immediate
preservation of the public health and safety, and having been passed
by a yea and nay vote, supported by three-fifths of all of the members
elected to each of the two Houses of the General Assembly of Mary-
land, the same shall take effect from the date of its passage.

Approved April 8, 1959.

CHAPTER 427
(Senate Bill 143)

AN ACT to repeal and re-enact with amendments, Section 212(a) of
Article 56 of the Annotated Code of Maryland (1957 Edition),
title "Licenses", sub-title "Real Estate Brokers", amending the
definition of the term "real estate broker" for the purposes of the
licensing laws applicable to real estate brokers.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 212(a) of Article 56 of the Annotated Code of Mary-
land (1957 Edition), title "Licenses", sub-title "Real Estate Brokers",
be and the same is hereby repealed and re-enacted, with amendments,
to read as follows:

212 (Definitions) (a) "Real estate broker" shall mean any person,
association, co-partnership or corporation foreign or domestic, who
for another and for a fee, commission or any other valuable con-
sideration sells, purchases, exchanges, leases, rents or collects rent
for the use of real estate or who attempts or who offers by verbal
solicitation, advertisement or otherwise to perform any such function
or who is regularly engaged in the business of dealing and trading

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.