EMERSON C. HARRINGTON, GOVERNOR. 51

posed incorporators. In case of approval, the triplicates shall
be returned to the proposed incorporators, and shall then be
submitted to one of the Judges of the Judicial Circuit in which
the trust company is to be located, in order that he may deter-
mine whether the said articles are framed in accordance with
existing laws. One copy shall then be filed for record in the
office of the Clerk of the Circuit Court in the County in which
the trust company is to be located, or in the office of the Clerk
of the Superior Court of Baltimore City, when to be located
in said City, and one copy shall be filed with the Bank Com-
missioner, who shall issue his certificate therefor, and one copy
shall be filed with the State Tax Commission. The corporation
so formed shall have no legal existence until all the copies of
the articles of incorporation have been filed for record as here-
in directed. The fee for filing such articles of incorporation
with the Bank Commissioner shall be ten ($10. 00) dollars, and
for filing amendments to the articles of incorporation, five
($5. 00) dollars, all such fees to be collected by the Bank Com-
missioner. Before filing the organization certificates, a notice
of intention to organize such trust company shall be published
at least once a week for four weeks in a newspaper to be desig-
nated by the Bank Commissioner, published in the city, town
or county where such trust company is proposed to be located.
Such notice shall specify the names of the proposed incorpora-
tors, the name of the proposed incorporation and the location
of same as set forth in such organization certificate.

46. Sub-Section Ninth. To purchase, invest in and sell
stocks, bills of exchange, bonds and mortgages and other secu-
rities, to accept for payment at a future date, drafts or bills
of exchange drawn upon it, having not more than six months
to run, which grow out of transactions involving the importa-
tion or exportation of goods, or which grow out of transactions
involving the domestic shipment of goods, provided shipping
documents conveying or, securing title are attached at the time
of acceptance, or which are secured at the time of acceptance
by a warehouse receipt or other such document conveying or
securing title covering readily marketable staples; and when
moneys or securities for moneys are borrowed or received on
deposit, or for investment, the bonds or obligations of the
company may be given therefor, but it shall have no right to
issue bills to circulate as money.

54. Any bank, savings institution or trust company, here-
tofore incorporated under any general or special law of this