788 LAWS OF MARYLAND. [CH. 267

tained or determined by the last Federal or State enumeration,
and no trust company shall start business until all of the capital
stock provided for in this section shall have been paid for in full.
In the event that any Trust Company hereafter establishes a
branch or branches outside of the city, town or village in which
it is now located, it shall add to its capital stock for each branch
established the sum of twenty-five thousand dollars in towns or
villages having less than fifteen hundred inhabitants, thirty-five
thousand dollars in towns, villages or cities having more than
fifteen hundred and less than thirty-five hundred inhabitants,
forty thousand dollars in towns or cities having more than thir-
ty-five hundred and less than five thousand inhabitants, forty-
five thousand dollars in cities having more than five thousand
and less than ten thousand inhabitants, sixty-five thousand dol-
lars in cities having more than ten thousand inhabitants and less
than fifty thousand inhabitants, one hundred thousand dollars
in cities having more than fifty thousand inhabitants and less
than one hundred and fifty thousand inhabitants, and two hun-
dred thousand dollars for cities having more than one hundred
and fifty thousand inhabitants; the number of inhabitants in
each case to be ascertained or determined by the last Federal
or State enumeration; unless the paid-in capital of such trust
company is already sufficient under the present conditions of
the law to provide the capital required by a trust company here-
under doing business in the city, town or village in which it
may be located, and for branches in cities, towns or villages in
which it proposes to establish branches; provided, however,
that no branch shall hereafter be established by any trust com-
pany, in the city, town or village where said trust company is
now located and engaged in business, until said trust company
conforms to the requirements herein provided as to the mini-
mum amount of capital stock for trust companies in said city,
town or village.

SEC. 3. Be it further enacted, That this Act shall take effect
June 1st, 1924.

Approved April 9, 1924.

CHAPTER 267.

AN ACT to repeal and re-enact with amendments Section 56 of
Article 15 of the Code of Public Local Laws of Mary-
land, title "Kent County, " sub-title "Chestertown, " relat-
ing to the filling of vacancies in the office of Commissioner.