18 LAWS OF MARYLAND.

their accounts for a period of twenty years next prior to the
first day of September preceding; provided, that this section
shall not apply to the deposit made by any person known to
the said treasurer to be living. The Commissioner shall com-
municate the statements which shall be received by him in his
next report to the Governor.

38. Any treasurer of a savings institution who shall neglect
or fail to comply with the provisions of the preceding section
shall be subject to a fine of five hundred dollars for each
failure or neglect, to be recovered by indictment in the Cir-
cuit Court for the county where the savings institution may
be located, or in the Criminal Court of Baltimore City, as the
case may be.

39. No corporation created under the laws of any other
State, and no corporation or association created under the
laws of this State not authorized by its charter or certificate to
conduct the business of savings bank or savings institution, nor
copartnership, firm nor individual shall advertise or put forth
a sign as a savings bank or savings institution. Every cor-
poration, association, copartnership, firm or individual vio-
lating or assisting in the violation of the provisions of this
section shall be guilty of a misdemeanor and liable to a fine
of five hundred dollars for such offense.

40. The provisions of Sections 31 to 39, inclusive, shall
apply to all savings banks, or savings institutions, without
capital stock, now existing or hereafter incorporated, engaged
in an exclusive savings bank business.

Trust Companies.

41. Eleven or more persons, citizens of the United States,
and a majority of them citizens of this State, may form a
corporation to be known as a trust company. Such persons
shall under their hands and seals acknowledge articles of in-
corporation which shall specifically state:

First. The name by which the corporation shall be known.

Second. The place where its business is to be transacted.

Third. The amount of its capital stock and the number of
shares of the par value of not less than fifty dollars each, into
which same is to be divided.

Fourth. The name, residence and postoffice address of each
member of the corporation.

Fifth. The term of its existence, not exceeding forty years.

Sixth. A declaration that each member of the corporation
will accept the responsibilities and faithfully discharge the
duties of a director therein, if elected to act as such.

The capital .stock of such corporation must be at least five