1874.] OF THE SENATE. 557

AMENDMENTS PROPOSED.

Section 1, at the end of line 17, add, "Provided, the pro-
visions of this Act do not apply to similar Associations in
Montgomery, Allegany and Kent counties."

Section 1, strike out all after the word "State," in line 5,
to the word "all," in line 9, and insert the words, to come
in after the word "State," in line 5, ''to issue to its borrow-
ers promissory notes or any other evidence of indebtedness,
but."

"Sec. 2. And be it further enacted, That it shall not be
lawful for any such Building Association, Homestead Asso-
ciation, Land Company, or any similar Association in this
State, to impose, charge or receive any fine for the non-pay-
ment of weekly dues or repayments exceeding ten per centum
on the amount of such weekly dues or repayments, and under
110 circumstances shall such fine or fines be compounded; and
any holder or holders of shares in any such association or
company not paid up, and for which a certificate or certifi-
cates of stock shall not have been issued, shall have the right
at any time to withdraw the full amount of his, her or their
deposits paid in on account of said shares, by giving sixty
days notice in writing to the Treasurer of such association or
company, of his, her or their desire so to do, together with
legal interest upon the same; provided, such person has been
a member of said Association for the period of six months,
less his pro rata share of the expenses of said association for
the period of his membership; and any holder or holders of a
certificate or certificates of the stock of any such association
or company shall, without the consent of such association or
company, have the right to sell, assign or otherwise dispose
of said certificates, and the bonafide holder or holders there-
of, shall be deemed and considered to be a member or mem-
bers of such association or company, and upon presentation
of said certificate or certificates to the Treasurer of such as-
sociation or company, the same shall, without charge, be
duly transferred on their books, and every such association or
company shall furnish its debtors with a half-yearly state-
ment oi' the principal sum actually due the association or
company at that time; and when any borrower from any
Building or Homestead Association, Land or Loan Company
in this State, shall pay or tender in payment to such associ-
ation or company the amount borrowed, less the amount re-
paid on account of the principal sum borrowed, together with
a release fee, not exceeding three per centum on the amount
borrowed, with all arrearages of interest and fines, then such
borrower shall be entitled to be released from all further
claims or demands of such association and company."

Make section 2 read "Section 3."