5067
BALTIMORE COUNTY

enact a "Financial Disclosure Act" consistent with the
standards required in said disclosure bill enacted by the
State Legislature; now therefore,

SECTION 1. BE IT ENACTED BY THE COUNTY COUNCIL OF
BALTIMORE COUNTY, MARYLAND, that the description of Title
9 of the Baltimore County Code be and it is hereby
redesignated from "Election Districts" to "Elections" and
that the subtitle "Election Districts" be and it is
hereby designated as new Article I under said new
descriptive title,

SECTION 2. AND BE IT FURTHER ENACTED that new
Sections 9-3 through 9—9 be and they are hereby added to
the Baltimore County Code, 196 8, title "Elections", to be
under new Article II thereunder, hereby designated as
"Financial Disclosure Act", said new sections to read as
follows:

ARTICLE II. FINANCIAL DISCLOSURE ACT

SEC. 9-3. DEFINITIONS

INTEREST SHALL MEAN ANY LEGAL OR EQUITABLE INTEREST,
WHETHER OR NOT SUBJECT TO AN ENCUMBRANCE OR A CONDITION,
WHICH WAS OWNED OR HELD, IN WHOLE OR IN PART, JOINTLY OR
SEVERALLY, DIRECTLY OR INDIRECTLY, AT ANY TIME DURING THE
CALENDAR YEAR FOR WHICH A REQUIRED STATEMENT IS TO BE
FILED. "INTEREST" INCLUDES AN INTEREST IN: ANY STOCK OR
SIMILAR SECURITY, PRE-ORGANIZATION CERTIFICATE OR
SUBSCRIPTION, INVESTMENT CONTRACT, VOTING TRUST
CERTIFICATE, LIMITED OR GENERAL PARTNERSHIP OR JOINT
VENTURE, BUSINESS TRUST, OR CERTIFICATE OF INTEREST OR
PARTICIPATION IN A PROFIT SHARING AGREEMENT OR IN AN OIL,
GAS OR OTHER MINERAL ROYALTY OR LEASE; A CERTIFICATE OR
INSTRUMENT OF DEPOSIT FOR ANY OF THE FOREGOING; A
CERTIFICATE OR INSTRUMENT OF INTEREST OR PARTICIPATION
IN, OR A CERTIFICATE OR INSTRUMENT CONVERTIBLE, WITH OR
WITHOUT CONSIDERATION, INTO, OR A GUARANTEE OF, OR
WARRANT OR RIGHT TO SUBSCRIBE TO OR PURCHASE, ANY OF THE
FOREGOING; A PUT, CALL, STRADDLE, OR OTHER OPTION OR
PRIVILEGE OF SUBSCRIBING TO OR PURCHASING ANY OF THE
FOREGOING; OR ANY OTHER EQUITY INTEREST, HOWEVER
EVIDENCED, WHICH ENTITLES THE OWNER OR HOLDER THEREOF,
DIRECTLY OR INDIRECTLY, ALONE OR IN CONCEPT WITH OTHERS,
TO RECEIVE OR DIRECT ANY PART OF THE PROFITS FROM, OR TO
EXERCISE ANY PART OF THE CONTROL OVER, A BUSINESS ENTITY,
AS WELL AS ANY INTEREST WHICH, CONDITIONALLY OR
UNCONDITIONALLY, WITH OR WITHOUT CONSIDERATION, IS
CONVERTIBLE THERETO. "INTEREST" ALSO INCLUDES AN
INTEREST IN A NOTE, BOND, DEBENTURE, OR ANY OTHER
EVIDENCE OF A CREDITOR INTEREST. HOWEVER, "INTEREST"