SPIRO T. AGNEW, Governor                        159

at one half the said rates hereinbefore provided for certificates of
registration issued on or between the first day of November and the
last day of April in each and every registration year; and provided
further that certificates of registration issued pursuant to this section
shall be transferable by the same owner of the motor vehicle to any
other motor vehicle within the same classification. No other addi-
tional fees, licenses or tax shall be charged by the State or any county
or municipal subdivision of the State except the excise tax for the is-
suance of every original certificate of title, the property tax and
gasoline tax in respect to such vehicles or their operation.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1968.

Approved April 10, 1968.

CHAPTER 127
(Senate Bill 252)

AN ACT to repeal and re-enact, with amendments, Section 22 of
Article 95 of the Annotated Code of Maryland (1964 Replacement
Volume), title "Treasurer", to provide for the investment of
certain public funds in bonds or other obligations of the Federal
National Mortgage Association, and to provide generally for the
maintenance of such funds.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 22 of Article 95 of the Annotated Code of Maryland
(1964 Replacement Volume), title "Treasurer", be and the same
is hereby repealed and re-enacted, with amendments, to read as
follows:

22.

Investment by Treasurer and others in United States government
bonds, bonds or other obligations of the Federal National Mortgage
Association or savings accounts in Maryland banks.

Notwithstanding any provision of law or ordinance to the con-
trary or any limitation or restriction contained in any other law or
ordinance, the Treasurer of the State, the county commissioners of
each county of the State, and the chief fiscal or administrative
officer or officers or governing body of each municipality, town,
body politic, public body corporate, school, road, drainage, improve-
ment, construction or soil conservation district or commission in
the State, including, by way of enumeration and not in limitation,
the Upper Potomac River Commission, the State Roads Commission,
county school boards and other political subdivisions and bodies
politic of the State and any agency of any political subdivision of
the State, and the trustees or other officers in charge of any pension
or retirement system or fund of the State or of any political sub-
division thereof or any agency or department of either are hereby
severally directed,, authorized and empowered to invest, redeem, sell,
exchange and reinvest [and keep invested] all unexpended or sur-