HARRY W. NICE, GOVERNOR. 591

event said fire departments hereinbefore mentioned cease to
remain active fire fighting organizations or have not used the
moneys appropriated to them for the sole purposes set forth
in this sub-title, then this sub-title shall become null and void.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1937.

Approved May 18, 1937.

CHAPTER 309.

AN ACT to repeal and re-enact with amendments, Section
171A of Article 23 of the Annotated Code of Maryland (1935
Supplement), title "Corporations" sub-title "Building or
Homestead Associations", relating to foreign building as-
sociations.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 171A of Article 23 of the Annotated Code
of Maryland (1935 Supplement), title "Corporations", sub-
title "Building or Homestead Associations", be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

171A. No foreign association shall make loans of any kind
or transact any business of a building and loan association
within the State of Maryland or maintain an office in the State
of Maryland for the purpose of transacting such business, until
it has fully complied with the following provisions of this Act-

Foreign building associations doing business in the State
of Maryland shall conduct such business in accordance with
the laws governing domestic associations. No foreign build-
ing and loan association shall do business in the State of
Maryland until it procures from the State Tax Commission
a certificate of authority to do business in the State of Mary-
land, after complying with the following provisions:

(a) It shall deposit with the Treasurer of the State
of Maryland the sum of Twenty-five Thousand Dollars
(125, 000. 00) in cash, or bonds of the United States or of
this State.

(b) It shall file with the State Tax Commission of Mary-
land a certified copy of its Charter, Constitution and Bylaws,