PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 663

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That no person shall engage in the business of loaning
money upon pledges of personal property in Allegany county,
and shall charge more than the usual legal rate of interest with-
out first taking out a license as required by the General Laws
of the State of Maryland for doing a pawn-broker business.

SEC. 2. Be it further enacted, That it shall be lawful for
any regularly licensed pawn-broker in Allegany county, in view
and by reason of the necessity of expensive storage, labor, insur-
ance, repairs and keeping of records and other expenses insep-
erable from the nature of the business hereby authorized, as
affording a desirable and advantageous facility to the com-
mercial and other classes of society, to charge upon any loan
upon good's or chattels or personal property, to cover interest,
storage, affidavits, investigating title, packing and other expenses
incidental to the business of this character, a sum of money not
to exceed ten per cent, on the amount of money so loaned or
advanced for a period of thirty days immediately following the
date of said loan upon amounts not exceeding ten dollars and
on sums of money over and above the said amount of ten dol-
lars, nor more than two per cent on amounts in excess of ten
dollars, and it shall be lawful for any regularly licensed pawn-
broker to charge an amount not exceeding two per cent, inter-
est for any renewals of the loans made as aforesaid, to which
said renewals the borrower shall be privileged upon payment of
said amount of two per cent, monthly, and there shall be no
other charges of any kind whatsoever made for or on account
of said loan.

SEC. 3. And be it further enacted, That such legally licensed
pawn-brokers shall cause to be kept in suitable books to be pro-
vided by such pawn-brokers an accurate account of each loan
or advance made by him, giving the name of the person to
whom the loan is made, a general description of the property
taken as security, the time when the said loan is made, the
amount of the same and the amount to be charged for making
the same; and all such business and affairs of every such pawn-
broker shall be subject at all times to inspection by the County
Commissioners of Allegany County or by an agent or committee
appointed by said County Commissioners for the purpose of
making said inspection. At the time of making each loan the
said pawn-broker shall furnish to the borrower a ticket or
receipt setting out the article upon which the loan is advanced,
the amount of the same and upon said ticket or receipt there
shall be printed a schedule of the amounts allowed to be charged