332 LAWS OF MARYLAND. [CH. 188

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 21 of Article 11 of the Annotated Code of
Maryland, Edition of 1924, Title "Banks and Trust Com-
panies, " sub-title "Banks, " be and the same is hereby repealed
and re-enacted, with amendments, so as to read as follows:

21. The persons associating to establish a bank under this
Article shall make, sign and acknowledge written articles of
incorporation, containing:

First, A declaration that they associate for the purpose
of forming a banking corporation under this article.

Second. The name of such bank. This name shall be in no
material respect similar to the name of any other bank in the
same county or city.

Third. The particular village, town or city and county
where such bank is to be located.

Fourth. The amount of capital stock, which shall be divided
into shares of not less than ten dollars.

SEC(. 2. And be it further enacted, That Section 42 of
Article 11 of the Annotated Code of Maryland, Edition of
1924, Title "Banks and Trust Companies, " sub-title "Trust
Companies, " be, and the same is hereby repealed and re-en-
acted, with amendments, so as to read as follows:

42. 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 twenty-five dollars
each, into which same is to be divided.

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

Fifth. 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
hundred thousand dollars; provided, however, that a corpor-
ation with a capital of not less than two hundred thousand
dollars may be organized in a city containing more than one
hundred thousand and less than two hundred and fifty thou-
sand inhabitants, and a coup or ation may be organized with a