430 AETICLE 11

An. Code, 1924, sec. 63B. 1933, ch. 349.

81. No bank or trust company shall hereafter make any loan, the
proceeds of which are to be used to pay the whole or any part of a sub-
scription to the stock of such bank or trust company, unless said loan shall
be adequately secured by other collateral. For the purposes of this section
the term "bank" shall include savings institutions having a capital stock.

An. Code, 1924, sec. 64. 1912, sec. 62B. 1918, ch. 33, sec. 62B.

82. Demand Deposits, within the meaning of this Article, shall com-
prise all deposits payable within thirty days; and Time Deposits shall com-
prise all deposits payable after thirty days, and all savings accounts and
certificates of deposit, which are subject to not less than thirty days' notice
before payment.

An. Code, 1924, sec. 64A. 1933, ch. 571.

83. It shall be unlawful for any bank or trust company to make or
impose a service charge on any deposit or balance where withdrawals are
restricted by law or by any regulation made by the State Bank Com-
missioner. Any person violating the provisions of this section shall be
guilty of a misdemeanor and, upon conviction thereof, shall be fined not
less than Five Hundred Dollars ($500.00) for each and every violation.

An. Code, 1924, sec. 64B. 1933 (Special Sess.), ch. 15, sec. 64B. 1935, ch. 516.

84. Every Banking institution, as defined in Section 63 of this Article,
heretofore or hereafter organized under the laws of this State, is specially
granted the power and authority, if the action is approved by a vote of
a majority of its Board of Directors, to become a member of the Tem-
porary Federal Deposit Insurance Fund and/or to become a member of
the Federal Deposit Insurance Corporation, and/or to make all required
payments into said Insurance Fund and/or to pay to such Corporation any
proper assessment made by it upon its members or insured banks from time
to time, and from time to time to subscribe and pay for stock of the Federal
Reserve Bank, and to comply with the provisions which may be applicable
to such banking institutions contained in the "Banking Act of 1933" (Sec-
tion 12B of the Federal Reserve Act) passed by the Congress of the United
States and approved June 16th, 1933, and any amendment or amend-
ments thereto, and every such banking institution is likewise authorized
and permitted if such action is approved by a vote of a majority of its
Board of Directors, to withdraw from the Temporary Federal Deposit
Insurance Fund and/or the Federal Deposit Insurance Corporation
and/or to terminate its status as an insured bank and/or to withdraw
from the Federal Reserve System, and to sell and dispose of any stock
that it may own in any Federal Reserve Bank and in said Federal De-
posit Insurance Corporation in accordance with the provisions of said
"Banking Act of 1933" (Section 12B of the Federal Reserve Act) or any
amendment or amendments thereto, and generally, every such banking
institution is authorized and empowered to from time to time accept the
benefits conferred by said "Banking Act of 1933" (Section 12B of the
Federal Reserve Act) or any amendment or amendments thereto, and to
perform the corresponding obligations imposed by said Act or any amend-
ment or amendments thereto, which are applicable to such banking insti-
tution, and from time to time to do, or cause to be done, any and air acts,
and to execute, acknowledge and deliver, or cause to be executed, acknowl-