ALBERT C. RITCHIE, GOVERNOR. 51

County a sum sufficient to pay the said note or notes, with
all interest accrued thereon.

SEC. 2. And be it further enacted, That this Act is here-
by declared to be an emergency law and necessary for the
immediate preservation of the public health and safety,
and having been passed by a yea and nay vote, supported
by three-fifths of all of the members elected to each of the
two Houses of the General Assembly, the same shall take
effect from the date of its passage.

Approved March 16, 1933.

CHAPTER 26.

AN ACT to repeal and re-enact with amendments Section
165 of Article 23 of the Annotated Code of Maryland
(1929 Supplement), title "Corporations, ", sub-title
"Building and Homestead Associations, " providing for
the enlargement of the classes of securities and proper-
ties in which Building and Homestead Associations may
invest their funds.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 165 of Article 23 of the Annotated
Code of Maryland (1929 Supplement), title "Corpora-
tions, " sub-title "Building or Homestead Associations, " be
and the same is hereby repealed and re-enacted with
amendments, so as to read as follows:

165. The payment of the unpaid installments and the
premiums on the share or shares so purchased or redeemed,
with interest on the money paid therefor as aforesaid, and
all fines and penalties incurred in respect thereof by any
member, shall be secured to such corporation, by mortgage
on real or leasehold property, or by the hypothecation of
stock of such" corporation held by such member or by judg-
ment of a court of law or by a justice of the peace or by
a decree of a court of equity all as may be provided in the
articles of association or by-laws; but in no case of hypothe-
cation of stock no greater sum of money shall at any time
be drawn out by any member than shall have been already
paid in by him on all his shares at the time of -said hypothe-
cation, and all homestead or building associations organized