Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1920-06-25
PUBLIC GENERAL. LAWS.

inc more tan ye thousand and less than thousand in
hahtanfs sixtg-ye thousand dollars ia critics having mor
than thousand inhabitants and less than fifty thousand
inhabitants lundTe1 Thousand dollars IN cities having
more than fifty thousand inhabitants and less than hun
sred and FIFTY thousand inhabitants and two hundred thou
sand dollars for cities having than one hundred and fifty
thousand hahianis tie number Of inhabitants to be de
ternmed bv the last Federal State enumeration unless thu
paid capital Of slieh trust company already sufficient
Ter present conditions Of the aw provide the capita
requred by company hereunder doing business in tbs
city, village il winch it may be located, and 1o
branches ia cities villages in which il proposes
establish branches
81 Every trua company Incorporated under any law o.
Of this state shai possess the powers aud be subject
the provisions of tins Article and wherever the words Art
Association the provisions of this Article
they shall be construed include legislative charters an6
Articles of lncorporasn provided however, nothing IN this
article sa be construed to repeal modify or affect any
special right privileges powers conferred upon any trust
company under any law of this State b
heir respective charters if said companies organized anc
loiug business prior April the eth 1910 except that fm
yer branch opened juno 1st 1920 by trust company
shall b. compelled to add to its capital stock the amount OF
mounts specified and pertaining to branches IN Section ~ o.
his Article
SIC g. Ind BE- It faythor aacied That subsection ninth
of Article il Of the Annotated Code OF Mary
and title Banks and Trust Companies, subtitle Trus
Companies said subsection amended by Chapter 8;
81 tl Acts Of the Gen2t ASSEMBLY Of Maryland Of 1918, be
nd tlse Iiereb lpea and rc-cnaced with amend
manfs spasto rrad as follows atf
49, Sgb-setioaeGfnth TO exercise by It's directors duly
authorized officers agents. all such powers as shall be tsua
ID CARRYING the business Of bankng by buying, discount
g and negotiating promissory notes, bonds drafts bills Oh
Exchange foreign and domestic and other evidences OF debt
By receiving deposits Of money upon which interest may b
paid BY buying and selling eoin and bullion and by buynf
md selling exchange, foreign and domestic; to purchase IN
est in and sell stocks bills Of exchange, bonds and mortgage
md other securities to accept for payment at future date
lraft bills OF exchange drawn upon it. having not NOR,
han six months TO which ou' OF transactions invov
ng the importation en- expectation Of goods which grow
mt OF transactions involving the domestic shipment of goods
provided shipping documents conveying securing title
attached the time of acceptance which secured at tho
ime e acceptance by warehouse receipt other sucl
uml qgneyng securing title covering readily market
berStapes and when moneys securities for moneys
borrowed received deposit for investment the bonds
ob6gaog of the company may be given therefor but i
shall have right to issue bills 80 circulate money.
SEC Z dad b. 1t further caaced, That this Act shall take
fleet aad after June ls, 1920.
Approved April TO- 1920. se