ALBERT C. RITCHIE, GOVERNOR. 885

funds of said Town such sum or sums of money, not to ex-
ceed One Hundred ($100. 00) Dollars, as they may deem ap-
propriate, to the Volunteer Fire Company located in said
Town to be used for the purchase, improvement, mainte-
nance and operation of fire apparatus and equipment of
said Volunteer Fire Company.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1st, 1933.

Approved April 21, 1933.

CHAPTER 485.

AN ACT to add two new sections to Article 11 of the Code
of Public General Laws of Maryland, entitled "Banks and
Trust Companies, " sub-title "General Regulations, " to
follow immediately after Section 54 of said Article, and
to be known as Sections 54A and 54B, for the purpose
of authorizing and empowering banking institutions hav-
ing capital stock to issue preferred stock, fix the terms
and conditions therefor, and providing the procedure for
the issuance, thereof, and for the purpose of authorizing
and empowering banking institutions to issue, sell or
hypothecate capital notes, debentures, bonds or certifi-
cates of beneficial interest, and fixing the terms and con-
ditions thereof.

WHEREAS, a National Emergency exists in consequence
whereof the Congress of the United States has recently en-
acted Emergency Banking Legislation, under which the
Reconstruction Finance Corporation is authorized to sub-
scribe for preferred stock, capital notes or debentures of
banking institutions and to make loans on the security of
i such stock, capital notes or debentures, and

WHEREAS, the welfare of the State and of the depositors
and creditors of its banking institutions will be promoted
by the immediate enactment of additional legislation en-
abling such institutions to obtain the benefit of said Act
of Congress, therefore:

SECTION 1. Be it enacted by the General Assembly of
Maryland, That two new sections be, and the same are
hereby added to Article 11 of the Code of Public General