120 LAWS OF MARYLAND. [CH. 81

pal corporation, be and it is hereby authorized and empowered
to convey, in fee simple, unto Goodwill Fire Company, Incor-
porated, a duly incorporated volunteer fire company, without
the payment by said Goodwill Fire Company, Incorporated, of
any consideration therefor, a certain lot, parcel or tract of
land with the improvements thereon erected and being, known
as the Town Office Building Property, said piece or parcel of
land lying and being on the North side of Water Street in the
Town of Centreville, Maryland, and being more particularly
described in a deed therefor to the Town Commissioners of
Centreville from Alfred Green and others dated July 5, 1922,
and recorded among the land records of Queen Anne's County
in Liber J. F. R. No. 9, folio 134, etc.

SEC. 2. And be it further enacted. That said real estate,
when so conveyed, be exempt from municipal taxation so long
as same shall remain the property of said Goodwill Fire Com-
pany, Incorporated.

SEC. 3. And be it further enacted. That this Act shall take
effect June 1, 1937.

Approved May 18, 1937.

CHAPTER 81.

AN ACT to add a new section to Article 11 of the Annotated
Code of Public General Laws of Maryland (1924 Edition),
title "Banks and Trust Companies", sub-title "General
Regulations", said new section to follow immediately after
Section 72, to be known as Section 72A, providing for the
termination of the individual responsibility of stockholders
of banks and trust companies on shares originally issued
subsequent to November 23rd, 1936; the termination of such
individual responsibility with respect to all outstanding-
stock of such corporation on or subsequent to July 1st, 1937,
upon compliance with certain conditions and providing for
the transfer to surplus at the close of a fiscal period either
annually or semi-annually of not less than ten per cent
(10%) of the net earnings of such banks and trust com-
panies subsequent to the termination of individual responsi
bility of the stockholders of such banks and trust companies
until such surplus shall equal and thereafter continue to
equal one hundred per cent (100%) of the capital of such
banks or trust companies.