BANKS AND TRUST COMPANIES. 335

by any trust company, in the city, town or village where said trust company
is now located and engaged in business, until said trust company conforms
to the requirements herein provided as to the minimum amount of capital
stock for trust companies in said city, town or village.

Cf. secs. 23 and 31; also art. 23, sec. 4.

As to the taxation of trust companies, see art. 81.

An. Code, sec. 43. 1910, ch. 219, sec. 42 (p. 19). 1918, ch. 33, sec. 43.

43. The articles of incorporation shall be executed in triplicate by the
persons joining therein, before any officer authorized to take acknowledg-
ments, and then filed with the Bank Commissioner for examination. The
Bank Commissioner shall thereupon ascertain from the best sources of
information at his command, and by such investigation as he may deem
necessary, whether the character, responsibility and general fitness of the
person or persons, named in such certificate, are such as to command con-
fidence and warrant belief that the business of the proposed corporation
will be honestly and efficiently conducted in accordance with the intent
and purpose of this Article, and whether the public convenience and advan-
tage will be promoted by allowing such proposed corporation to engage or
continue in business. After the Bank Commissioner shall have satisfied
himself by such investigation whether it is expedient, and desirable to per-
mit such proposed corporation to engage or continue in business, he shall
have power to require such changes in said certificate as he may deem neces-
sary. He shall within sixty days after the date of the filing of such certifi-
cate for examination, endorse upon each of the triplicates thereof, over his
official signature, the word " approved " or the word " refused " with the
date of such endorsement. In case of refusal he shall return one of the
triplicates so endorsed to the proposed incorporators. In case of approval,
the triplicates shall be returned to the proposed incorporators, and shall
then be submitted to one of the Judges of the Judicial Circuit in which the
trust company is to be located, in order that he may determine whether
the said articles are framed in accordance with existing laws. One copy
shall then be filed for record in the office of the Clerk of the Circuit Court in
the County in which the trust company is to be located, or in the office of the
Clerk of the Superior Court of Baltimore City, when to be located in said
City, and one copy shall be filed with the Bank Commissioner, who shall
issue his certificate therefor, and one copy shall be filed with the State Tax
Commission. The corporation so formed shall have no legal existence until
all the copies of the articles of incorporation have been filed for record
as herein directed. The fee for filing such articles of incorporation
with the Bank Commissioner shall be ten ($10.00) dollars, and for filing
amendments to the articles of incorporation, five ($5.00) dollars, all such
fees to be collected by the Bank Commissioner. Before filing the organiza-
tion certificates, a notice of intention to organize such trust company shall
be published at least once a week for four weeks in a newspaper to be desig-
nated by the Bank Commissioner, published in the city, town or county
where such trust company is proposed to be located. Such notice shall
specify the names of the proposed incorporators, the name of the proposed