Marvin Mandel, Governor                       1583

create and maintain a reserve fund not to exceed $5,000.00, to pro-
vide adequate working capital and to meet any losses that may be
sustained by the board in the operation of such dispensaries. Fifty
per centum (50%) of all net profits in excess of the above shall
belong to and be paid over to the County Commissioners of Wor-
cester County on or before June 1st, in each and every year, and
the remaining fifty per centum (50%) shall on or before June 1st,
each year, be paid to the mayor and city council of Berlin, Ocean
City, Pocomoke City and Snow Hill in proportion to the net profits
on total sales of the dispensaries in each of said towns.

(2) The amounts paid to the mayor and council of Berlin, Ocean
City, Pocomoke City, and Snow Hill shall be used for general munic-
ipal purposes.

[(3) The amounts paid to the mayor and council of Pocomoke
City shall be used to pay the interest and principal of bonds of
said town dated January 1, 1937, and aggregating $26,000.00, to
be used with federal funds to construct a municipal building, and said
funds shall be used for no other purpose until all of said bonds
have been paid.]

[(4). All the above-mentioned bonds of Pocomoke City have been
fully paid, then Pocomoke City's share of net profits to the amount
of $5,000.00 shall be held in trust by the mayor and council, the
income to be paid to the treasurer of the Pocomoke Public Library,
Inc., to be used exclusively for the purchase of books for said library.
The mayor and council shall invest the principal of the trust fund
only in bonds of the United States, State of Maryland, or of any
county, city, town or other political subdivision of the State, or in
mortgages on real estate situated in Worcester County, but no in-
vestment shall be made except on the written recommendation of the
board of directors of the Pocomoke City National Bank and the
Citizens' National Bank of Pocomoke City.]

[(5) After all of the above-mentioned bonds of Pocomoke City
have been retired and the trust fund of $5,000.00 for the Pocomoke
Public Library, Inc., has been established, the said mayor and coun-
cil of Pocomoke City shall pay annually out of said receipts from
said town's share of the net profits, the sum of $500.00 to the treas-
urer of the Pocomoke Public Library, Inc., to be used in the discre-
tion of said library, either for the purchase of books or for the
salary of a paid librarian and shall apply the remainder of said
net profits for the payment of interest and principal of any bonds
of said town which may be outstanding.]

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1972.

Approved May 26, 1972.

CHAPTER 593
(House Bill 1184)

AN ACT to repeal and re-enact, with amendments, Section 1 of
Chapter 34 of the Acts of 1965 as this Section was amended by
Chapter 148 of the Acts of 1969; to permit the County Commis-