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1881
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MARVIN MANDEL, Governor
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boat or other watercraft, automobile or other motor
vehicle; or any other personal property not herein
specifically named ([such] THAT property being of the
value of [twenty-five dollars] $25 OR MORE and the
property of another person), shall upon conviction
thereof, be sentenced to the penitentiary for not more
than three [(3)] years.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved April 29, 1977.
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CHAPTER 230
(Senate Bill 1091)
AN ACT concerning
Wicomico County — Alcoholic Beverages (Reserve Fund)
FOR the purpose of altering the reserve fund of the
Wicomico County Dispensary; and clarifying language.
BY repealing and reenacting, with amendments,
Article 2B — Alcoholic Beverages
Section 165(g)
Annotated Code of Maryland
(1976 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 165(g) of Article 2B - Alcoholic
Beverages, of the Annotated Code of Maryland (1976
Replacement Volume and 1976 Supplement) be and it is
hereby repealed and reenacted, with amendments, to read
as follows:
Article 2B — Alcoholic Beverages
165.
(g) All net profits arising from the operation of
[said] THE dispensary or branch dispensaries shall be
first applied towards, the payment of any and all sums
advanced to or borrowed by the liquor control board.
After [such] THE sums have been paid, the [said] board
[shall be] IS authorized to create and maintain a reserve
fund not to exceed [$200,000.00] $300,000, including the
total inventory of stock, to provide adequate working
capital and to meet any losses that may be sustained by
the board in the operation of [such] THE dispensaries.
The fair market value of office furniture, fixtures, and
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