610 LAWS OF MARYLAND.

"SEC. 6. That the members of this corporation shall annu-
ally, at such time as may be fixed by its by-laws, elect by ballot
from amongst its members a President, Vice-Presidents, a
Treasurer and Directors not to exceed twenty in number, who
shall hold office during such terms as may be prescribed by the
constitution or the by-laws; the Directors, together with the
President, Vice-Presidents, Treasurer and Secretary shall con-
stitute the Board of Directors. The corporation by its constitu-
tion or by-laws may prescribe the number of Vice-Presidents
and the number of Directors, the latter, however, not to exceed
twenty in number."

SEC. 3. And be it enacted, That this Act shall take effect
from the date of its passage.

April 10th, 1914.

CHAPTER 384.

AN ACT to add a new Section to Article 56, of the Code of Public
General Laws of Maryland, entitled "Licenses," to follow
Section 16, of said Article, and to be known as Section 16-A.
Said Section defining who are pawnbrokers, and who shall be

entitled to obtain pawnbroker's license.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new Section be added to Article 56, of the Code of
Public General Laws of Maryland, to follow Section 16, and
to be known as Section 16-A, so as to read as follows:

SEC. 16-A. Any person, corporation, member or members of
a corporation or firm who loans money on deposits or pledge on
personal property or other valuable thing» other than securities
or printed evidences of indebtedness, or who deals in the pur-
chasing of personal property or other valuable things on condi-
dition of selling the same back again at a stipulated price, is
hereby declared and defined to be a pawnbroker.

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

Approved April 10th, 1914.