592 LAWS OF MARYLAND. [CH. 309

and other rules and regulations showing its manner of con-
ducting business, together with a copy of the last annual
statement rendered to its Supervisory authority.

(c) It shall file with the State Tax Commission a power of
attorney appointing a citizen of this State, resident within
this State, the agent or attorney for the association, upon
whom process of law can be served. There must also be filed
a certified copy of the vote or resolution of the directors ap-
pointing such attorney, which appointment shall continue un-
til another attorney is substituted, and said writing or power
of attorney shall stipulate and agree on the part of the As-
sociation making the same that any lawful process against
said association which is served on such attorney shall be of
the same legal force and validity as if served on such associa-
tion within this State; and also, that in case of the death or
absence of the attorney so appointed, service of process may
be made upon any one of the members of the State Tax Com-
mission of Maryland, and such power of attorney cannot be
revoked or modified (except that a new one may be substi-
tuted) so long as any liability remains outstanding against
such association in this State. The term process used above
shall be held and deemed to include any writ, summons, or
order whereby any action, suit or proceeding shall be com-
menced or which shall be issued in or upon any action, suit or
proceeding by any Court.

(d) When a foreign building association has complied with
the provisions of the preceding sub-sections hereof and the
State Tax Commission of Maryland is satisfied that it is doing
business according to the laws of Maryland, and is in sound
financial condition, it shall issue its certificate of authority
to the Association to do business in the State of Maryland.
Annually thereafter, upon filing the annual statement herein
provided for, if the State Tax Commission is satisfied as
herein provided, it shall issue a renewal of such certificate.

(e) A foreign building association may collect and use the
interest on securities deposited as provided by law so long as
it fulfills its obligations and complies with the laws of the
State of Maryland. It may also exchange them for other
securities of equal value satisfactory to the Treasurer of
Maryland.