1158

LAWS OF MARYLAND

Ch. 166

OBLIGATIONS SHALL BE AUTHORIZED SECURITY FOR ALL PUBLIC
DEPOSITS. THIS SECTION AUTHORIZES ANY PERSONS OR PUBLIC OR
PRIVATE POLITICAL SUBDIVISIONS AND OFFICERS TO USE ANY FUNDS
OWNED OR CONTROLLED BY THEM FOR THE PURCHASE OF ANY BONDS OR
OTHER OBLIGATIONS. WITH REGARD TO LEGAL INVESTMENTS, THIS
SECTION MAY NOT BE CONSTRUED TO RELIEVE ANY PERSON OF ANY
DUTY OF EXERCISING REASONABLE CARE IN SELECTING SECURITIES.

29-40. SHORT TITLE

THIS ACT SHALL BE KNOWN AND MAY BE CITED AS THE
PERRYVILLE REDEVELOPMENT URBAN RENEWAL ACT.

SECTION 3. AND BE IT FURTHER ENACTED, That if any
provision of this subheading, or the application thereof to
any person or circumstances is held invalid, the remainder
of the subheading and the application of such provision to
persons or circumstances other than those as to which it is
held invalid, shall not be affected. The powers conferred
by this subheading shall be in addition and supplemental to
the powers conferred by any other law.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved April 11, 1978.

CHAPTER 167

(House Bill 1868)

AN ACT concerning

Caroline County — Bailiff

FOR the purpose of altering the compensation, received by the
Bailiff of the Caroline County Circuit Court.

BY repealing and reenacting, with amendments,

Article - Courts and Judicial Proceedings

Section 2-506 (a) (6)

Annotated Code of Maryland

(1974 Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article — Courts and Judicial Proceedings

2-506.