912                                 Laws of Maryland                         [Ch. 613

unless the taxicab and the person or persons licensed by any signa-
tory to own and/or operate such taxicab shall comply with such rea-
sonable regulations as the Commission shall prescribe governing the
filing and approval of surety bonds, policies of insurance, qualifi-
cations as a self-insurer, or other securities or agreements, in such
reasonable amounts as the Commission may require, conditioned to
pay within the amount of such surety bonds, policies of insurance,
qualifications as a self-insurer or other securities or agreements,
any final judgment recovered against such taxicab for bodily injuries
to or the death of any person, or for loss or damage to property of
others, resulting from the operation, maintenance or use of taxicabs
utilized in furnishing transportation subject to this sub-title.

Accounts, Records and Reports; Depreciation

293. (a) The Commission may require annual or other periodic
reports, and special reports, from any carrier; prescribe the man-
ner and form in which such reports shall be made; and require from
any such carrier specific answers to all questions upon which
the Commission deems information to be necessary. Such reports
shall be under oath whenever the Commission so requires.

(b)  Each carrier subject to the Commission shall keep such ac-
counts, records, and memoranda with respect to activities in which
it is engaged (whether or not such activities constitute transporta-
tion subject to this sub-title), including accounts, records, and
memoranda of the movement of traffic, as well as of the receipts
and expenditures of money, as the Commission by regulation pre-
scribes. The Commission shall by regulation prescribe the form
of such accounts, records, and memoranda, and the length of time
that THEY shall be preserved.

(c)   The Commission shall prescribe regulations requiring car-
riers to maintain appropriate accounting reserves against depre-
ciation. The Commission may prescribe the classes of property
for which depreciation charges may properly be included under
operating expenses and the rate 'of depreciation which shall be
charged with respect to each of such classes of property, and may
classify the carriers as it may deem proper for this purpose. The
Commission may, when it deems necessary, modify the classes and
rates so prescribed. Carriers shall not charge to operating expenses
any depreciation charges on classes of property other than those
prescribed by the Commission, or charge with respect to any class
of property a rate of depreciation other than that prescribed there-
for by the Commission, and no carrier shall include under operating
expenses any depreciation charge other than as prescribed by the
Commission.

(d)  At all times the Commission and each of its members shall
have access to all lands, buildings, and equipment of all carriers,
and to all accounts, records, and memoranda kept by such carriers.
When authorized by the Commission to do so, any employee of the
Commission may inspect any such land, buildings, equipment, ac-
counts, records, and memoranda. This section shall apply, to the
extent found by the Commission to be reasonably necessary for the
administration of this sub-title, to any person controlling, controlled
by or under common control with, any carrier.