ALBERT C. RITCHIE, GOVERNOR. 89

ues, untimely withdrawals of deposits and other conditions
beyond the control of the State, and

WHEREAS, The welfare of the State as a whole and of the
depositors and creditors of banking institutions, requires
the immediate enactment of additional legislation to pro-
mote justice, prevent distress and discriminations, and
establish an orderly method of reconstruction, therefore:

SECTION 1. Be it enacted by the General Assembly of
Maryland, That seventeen new sections be, and the same are
hereby added to Article 11 of the Code of Public General
Laws of Maryland, entitled "Banks and Trust Companies, "
the said new sections to follow immediately after Section
71, under sub-title "General Regulations, " to be known as
Sections 71A, 71B, 71C, 71D, 71E, 71F, 71G, 71H, 711,
71J, 71K, 71L, 71M, 71N, 710, 71P and 71Q, and to read
as follows:

71A. In addition to all other powers heretofore con-
ferred upon him, the Bank Commissioner is hereby au-
thorized and empowered to take custody, control and man-
agement of all banking institutions and credit unions in
this State accepting deposits and otherwise doing business
under the provisions of this Article, and shall upon the
date when this Act shall go into effect take custody, con-
trol and management of all such banking institutions.

The term "custody" whenever hereinafter used shall be
construed to include the terms "control and management. "

Until the Bank Commissioner shall proceed to exercise
his powers to wind up a banking institution under the pro-
visions of Section 9 of this Article, the business of all said
'banking institutions in such custody under the terms of
this Act shall be continued in regular course. Such con-
tinued business shall include the acceptance and making
of deposits, the lending and borrowing of money, the
pledging and other hypothecation of the assets of the bank,
the making, endorsement and guarantee of checks, drafts,
bills of exchange, acceptances and other commercial paper,
the collection and remittance of funds, the conduct of trust
or fiduciary business, as well as all other business within
the power conferred upon banking institutions in this
State, subject to the limitation on the withdrawal of de-
posits provided for by this Act.

For the purpose of so continuing the regular conduct of
said business and subject to such rules and Regulations as
he may, with the approval of the Governor and the At-