1484 LAWS OF MARYLAND.

of this Act shall be such as to result in an assessment greater
than one percent, of the assessed value of any property bene-
fited thereby, said County Commissioners shall provide for
dividing the cost thereof among so many years as shall result
in such cost being no greater in any one year than one per
cent, of the assessed value of any property benefited thereby,
the first payment to be made to the contractors or vendors in
cash and realized from a direct assessment upon the properties
so benefited, the deferred payments to be secured by negotiable
promissory notes of said County Commissioners pledging the
credit of the County, and bearing interest at 5 per cent, per
annum, assessments for each of the succeeding years to be added
to the regular County taxes upon the property so benefited and
to be collected as other County taxes are collected.

SEC. 2. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 16th, 1914.

CHAPTER 805.

AN ACT to repeal and re-enact, with amendments, Sections 1, 2,
6, 14, 17, 22, 25, 49, 50 and 60 of Article 11 of the Code of Pub-
lic General Laws of Maryland of 1904, title "Banks," as
amended by Chapter 219 of the Acts of the General Assembly
of Maryland of 1910; and to repeal and re-enact, with amend-
ments, Sections 10 and 16 of Article 11 of the Code of Public
General Laws of Maryland of 1904, title "Banks," as amended
by Chapter 194 of the Acts of the General Assembly of Mary-
land of 1912; and to repeal Section 5 of Article 11 of the Code
of Public General Laws of Maryland of 1904, title "Banks,"
as amended by Chapter 219 of the Acts of the General As-
sembly of Maryland of 1910; and also to add two new Sections
to said Article 11 of the Code of Public General Laws of Mary-
land of 1904, to follow Sections 11 and 61, and to be known
as Sections 11-A and 61-A, and to increase the salary of the
Bank Commissioner.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 1, 2, 6, 14, 17, 22, 25, 49, 50 and 60 of Article
11 of the Code of Public General Laws of Maryland of 1904,
title "Banks," as amended by Chapter 219 of the Acts of the
General Assembly of Maryland of 1910, be and the same are