SPIRO T. AGNEW, Governor                      1533

demnity as the County may think it proper and necessary to stipulate
and require.

Sec. 8. And be it further enacted, That any and all obligations
issued pursuant to the authority of this Act, their transfer, the in-
terest payable thereon, and any income derived therefrom in the
hands of the holders thereof from time to time (including any profit
made in the sale thereof) shall be and are hereby declared to be at
all times exempt from taxation of every kind and nature whatsoever
by the State of Maryland or by any of its political subdivisions
or municipal corporations or by any other public agency within the
State of Maryland.

Sec. 9. And be it further enacted, That the authority to borrow
money and issue bonds conferred on the County by this Act shall
be deemed to provide an additional and alternative authority for
borrowing money and shall be regarded as supplemental and addi-
tional to powers conferred upon the County by other laws and shall
not be regarded as in derogation of any power now existing; and
all Acts of the General Assembly of Maryland heretofore passed
authorizing the County to borrow money are hereby continued to the
extent that the powers contained in such Acts have not heretofore
been exercised, and nothing herein contained shall be construed to
impair, in any way whatsoever, the validity of any bonds which may
have been issued by the County under the authority of any of said
Acts, and the validity of said bonds is hereby ratified, confirmed and
approved. This Act, being necessary for the welfare of the in-
habitants of Talbot County, shall be liberally construed to effect the
purposes hereof. All Acts and parts of Acts inconsistent with the
provisions of this Act are hereby repealed to the extent of such in-
consistency.

Sec. 10. And be it further enacted, That this Act shall take effect
on the first day of June, 1968.

Approved May 7, 1968.

CHAPTER 750
(House Bill 1039)

AN ACT to repeal and re-enact, with amendments, Section 67(b)
of Article 2B of the Annotated Code of Maryland (1957 Edition),
title "Alcoholic Beverages," subtitle "Procedure for Issue of Li-
censes," and to add new Section 67(g) to said Article, title and
subtitle of said Code to follow immediately after Section 67(f)
thereof, to except Caroline County from the provisions of and to
provide certain license issuing requirements for the retail sale of
alcoholic beverages in Caroline County.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 67(b) of Article 2B of the Annotated Code of Mary-
land (1957 Edition), title "Alcoholic Beverages," subtitle "Procedure
for Issue of Licenses," be and it is hereby repealed and re-enacted,