MARVIN MANDEL, Governor                           2941

AND LOAN ASSOCIATIONS OR BUILDING AND LOAN ASSOCIATIONS
shall only be made if the bank OR SAVINGS AND LOAN
ASSOCIATIONS OR BUILDING AND LOAN ASSOCIATIONS has
deposited a like amount of bonds in escrow, as now
prescribed by law, covering bank deposits, SAVINGS AND
LOAN DEPOSITS, BUILDING AND LOAN DEPOSITS, or if the
bank, SAVINGS AND LOAN ASSOCIATION OR BUILDING AND LOAN
ASSOCIATION has given as security for these deposits any
of the types of collateral set forth in § 21A of this
article. The interest or income from any such investment
or deposit shall be and become a part of the fund from
which the investment or deposit was made and may itself
be so invested or deposited, provided, however, that
where the fund so invested, or deposited constitutes the
proceeds of the issue of bonds or other obligations, the
principal of and/or interest on which the issuer is
obligated to repay to the holders thereof, the interest
or income from such investments may be used to pay the
principal and/or interest on the same by the issuer.
Investments or deposits made pursuant to this section may
be withdrawn or altered from time to time by the
investing or depositing officer or governing body either
to meet the requirements for which such funds are held or
for reinvestment pursuant to the terms hereof.

All such investments made prior to March 2, 1943,
are hereby legalized, validated, ratified and confirmed,
notwithstanding the absence of statutory authority
therefor or any inconsistent provision of law.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved May 15, 1975.

CHAPTER 635
(Senate Bill 1095)

AN ACT concerning

Kent County — Sunday Sales

FOR the purpose of providing that the restrictions on
Sunday sales in Kent County only apply to certain
establishments; and generally relating to Sunday
sales in Kent County.

BY adding to