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Session Laws, 1917 Session
Volume 484, Page 19   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 19

SEC. 9. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public safety, and being passed upon
a yea and nay vote supported by three-fifths of all 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 June 27th, 1917.

CHAPTER 5..

(Vetoed by reason of being a duplicate of Chapter 28 winch
was approved. }

CHAPTER 6.

AN ACT to provide for and make legal the investment of trust,
fiduciary, savings and other public and private funds, in the
State of Maryland, in the Federal Farm Loan Bonds, issued
by the various Federal Land Banks.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Federal Farm Loan Bonds issued by Federal
Land Banks, under an Act of Congress approved July seven-
teenth, one thousand nine hundred and sixteen, entitled "An
Act to provide capital for agricultural development, to create
standard forms of investment based upon farm mortgage, to
equalize rates of interest upon farm loans, to furnish a market
for United States bonds, to create Government depositors and
financial agents for the United States, and for other purposes, "
shall be a lawful investment for savings bank deposits, for all
fiduciary and trust funds, for the funds of trust, bonding and
insurance companies, building and loan associations, savings
and loan associations, and for the workmen's compensation
fund, or other public monies subject to investment, in this
State.

 

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Session Laws, 1917 Session
Volume 484, Page 19   View pdf image (33K)
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