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Session Laws, 1920
Volume 539, Page 469   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 469

tend his examination beyond the principal office or building,
he shall be paid in addition therefor in each case fees at the
above rates, except in such cases where further examination is
made in the same town or city, when he shall be paid a per
diem fee of not more than $15.00; when such institutions re-
quire a special or unusual examination by the Bank Commis-
sioner, he may be paid a per diem, fee of not more than $20.00 -
he may also be paid a fee of $5.00 where it is necessary for
him to count securities beyond the principal office or building.
The Bank Commissioner shall collect the amounts named from
the institution examined and pay the same to the State Treas-
urer, and he shall draw, on proper orders, from the State
Treasury, the amounts necessary for the salaries and other
expenses of his office.

SEC. 4. And be it further enacted, That Section 20 of Arti-
cle 11 of the Annotated Code of Maryland, title "Banks and
Trust Companies," sub-title "Banks," be and the same is
hereby repealed and re-enacted with amendments, so as to
read as follows:

20. Any number of persons, not less than five, citizens of
the United States and a majority of them citizens of this State,
may associate to establish a bank under this Article upon the
terms and conditions and subject to the liabilities prescribed
herein. The aggregate amount of capital stock for any bank
shall not be less than twenty-five thousand dollars in towns or
villages having less than fifteen hundred inhabitants, and
shall not be less than thirty-five thousand dollars in towns,
villages or cities having more than fifteen hundred and less
than thirty-five hundred inhabitants, and shall not be less than
forty thousand dollars in towns or cities having more than
thirty-five hundred and less than five thousand inhabitants
and shall not be less than forty-five thousand dollars in any
city having more than five thousand and less than ten thousand
inhabitants, and shall not be less than sixty-five thousand dol-
lars in any city having more than ten thousand inhabitants and
less than fifty thousand inhabitants; and shall not be less than
one hundred thousand dollars in any city having more than
fifty thousand inhabitants and less than one hundred and
fifty thousand inhabitants, and shall not be less than two hun-
dred thousand dollars in any city having more than one hun-
dred and fifty thousand inhabitants; and may start business,
when one-half of the capital provided for in this section shall


 

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Session Laws, 1920
Volume 539, Page 469   View pdf image (33K)
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