1108                             Laws of Maryland                       Ch. 494

less than five percent (5%) of the profits being apportioned, or such
lesser portion as will increase the total of general reserve fund, sur-
plus, and undivided profits to ten percent (10%) of the aggregate
withdrawal value of the free share accounts of the association.

The board BOARD may, for good cause shown, waive any of the
above referenced requirements as to allocation of profits to the general
reserve fund, with respect to an association which meets the statutory
minimum six percent (6%) general reserve fund requirements, if the
Board deems that the public interest is adequately protected.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved April 28, 1970

CHAPTER 494
(House Bill 980)

AN ACT to repeal and re-enact, with amendments, Section 18-1 (a)
and 18-1(b) (1) of the Code of Public Local Laws of Prince
George's County (1963 Edition, being Article 17 of the Code of
Public Local Laws of Maryland), title "Prince George's County,"
subtitle "County Commissioners," raising the salary of the County
Commissioners of Prince George's County and increasing the
salary of the Chairman of said Commission, eliminating the
commissioners' expense allowance and eliminating the Commis-
sioner's compensation for sitting as the District Council and to
provide that this legislation shall be subject to voter ratification
of charter government.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 18-1(a) and 18-1(b) (1) of the Code of Public Local
Laws of Prince George's County (1963 Edition, being Article 17 of
the Code of Public Local Laws of Maryland), title "Prince George's
County," subtitle "County Commissioners," be and they are hereby
repealed and re-enacted, with amendments, to read as follows:

18-1.

(a) There shall be five county commissioners for Prince
George's County, elected for a term of four years, and they shall be
known by the corporate style of "County Commissioners for Prince
George's County," hereinafter referred to as the board. The said
Board shall elect a presiding officer to serve during his term of office
and shall devote his full time to the duties of his office and shall
not engage in any business or profession, for earned income, during
his term of office as such presiding officer; he shall have, subject to
the direction of and review by the Board, administrative supervision
over all departments and employees of the County government.
[Until December 4, 1962, the presiding officer shall receive an an-
nual salary of seven thousand five hundred dollars and each of the
other four commissioners shall receive an annual salary of three
thousand six hundred dollars, as full compensation for their official