158 BANKS AND TRUST COMPANIES. [ART. 11

tion is known by him to be insolvent shall be deemed guilty of a mis-
demeanor and upon conviction thereof shall be punished by imprison-
ment in the State Penitentiary for a period not more than three years.

1910, ch. 219, sec. 60 (p. 27). 1914, ch. 805, sec. 60.

61. Any banking institution doing business under this Article may,
by action of its board of directors, place its affairs and assets in the
hands and under the control of the Bank Commissioner, by posting a
notice on its front door, as follows: "This institution is in the hands of
the Bank Commissioner." Immediately upon posting such notice, the
said institution shall notify the Bank Commissioner of such action. The
posting of such notice or the taking possession of any banking institu-
tion by the Bank Commissioner shall be sufficient to place all its assets
and property of whatever nature in the possession of the Bank Com-
missioner, as receiver.

1914, ch. 805, sec. 61A.

62A. No bank or trust company having a capital stock of $100,000
or more, shall carry for a longer period than 90 days, bills payable in an
amount greater than its paid in capital, and no bank or trust company
with a capital stock of less than $100,000, shall carry for a longer period
than 90 days bills payable in an amount greater than its paid in capital
and surplus. The period of 90 days herein specified may be extended
with the written authority of the Bank 'Commissioner; but in no case
for a longer period than an additional 90 days.

1910, ch. 319, sec. 64 (p. 28). 1912, ch. 194, sec. 64.

65. It shall not be lawful for any bank or trust company doing
business under the provisions of this Article to loan to any of its officers,
directors, clerks or employees, any of the funds of said institution, unless
the same shall have been authorized by a resolution of the board of
directors, the same to be recorded, or unless said loan be secured by
responsible indorsement or sufficient collateral security (the provisions
of this section shall be subject, however, to the provisions of section 64
of this Article).

1910, ch. 219, sec. 74 (p. 30). 1912, ch. 194, sec. 74.

75. No person, co-partnership or corporation not subject to the
supervision and examinations of the Bank Commissioners, and not
required to make reports to him by the provisions of this Article, shall
make use of any sign at the place where such business is transacted,
having thereon any artifical or corporate name or other words indicating
that such place or office is the place or office of a banking institution as
defined in this article; nor shall such person or persons make use of or
circulate any letterheads, billheads, blank notes, blank receipts, certifi-
cates, circulars, or any written or printed, or partly written or printed
paper whatever, having thereon any artificial or corporate name, or other