J. MILLARD TAWES, GOVERNOR                             1489

(6) All banks, trust companies, bankers, savings banks and in-
stitutions, building and loan associations, savings and loan associa-
tions, investment companies and other persons carrying on a bank-
ing or investment business; all insurance companies, insurance as-
sociations, and other persons carrying on an insurance business;
and all executors, administrators, curators, trustees, and other fidu-
ciaries, may legally invest any sinking funds, monies, or other funds
belonging to them or within their control in any bonds or other
obligations issued by the municipality pursuant to this Article, pro-
vided that such bonds and other obligations shall be secured by an
agreement between the issuer and the Federal Government in which
the issuer agrees to borrow from the Federal Government and the
Federal Government agrees to lend to the issuer, prior to the ma-
turity of such bonds or other obligations, monies in an amount which
(together with any other monies irrevocably committed to the pay-
ment of principal and interest on such bonds or other obligations)
will suffice to pay the principal of such bonds or other obligations
with interest to maturity thereon, which monies under the terms of
said agreement are required to be used for the purpose of paying the
principal of and the interest on such bonds or other obligations at
their maturity. Such bonds and other obligations shall be authorized
security for all public deposits. It is the purpose of this section to
authorize any persons, political subdivisions and officers, public or
private, to use any funds owned or controlled by them for the pur-
chase of any such bonds or other obligations. Nothing contained in
this section with regard to legal investments shall be construed as
relieving any person of any duty of exercising reasonable care in
selecting securities.

Section 11. Separability

If any provision of this Article, or the application thereof to any
person or circumstances, is held invalid, the remainder of the Article
and the application of such provision to persons or circumstances
other than those as to which it is held invalid, shall not be affected
thereby. The powers conferred by this Article shall be in addition
and supplemental to the powers conferred by any other law.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved May 3, 1961.

CHAPTER 828
(House Bill 475)

AN ACT to repeal and re-enact, with amendments, Sections 25 (a)
and (h) of Article 51 of the Annotated Code of Maryland (1960
Supplement), title "Juries", sub-title "Qualification and Selection

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.