ALBERT C. RITCHIE, GOVERNOR. 1141

to be known as Section 171A, to follow immediately after
Section 171 of said Article, and to regulate foreign building
associations doing business in Maryland and provide punish-
ments for violations of said regulations.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be and it is hereby added to Article 23
of the Annotated Code of Maryland (1924 Edition), title "Cor-
porations, " sub-title "Building or Homestead Associations, "
said new section to be known as Section 171 A, to follow im-
mediately after Section 171 of said Article, and to read as
follows:

171A. Foreign building associations doing business in this
State shall conduct such business in accordance with the laws
governing domestic associations. No foreign building and loan
association shall do business in Maryland until it procures from
the State Tax Commission a certificate of authority to do busi-
ness in this State, after complying with the following provisions:

(a) It shall deposit with the Treasurer of Maryland Fifty
Thousand Dollars, in cash or bonds of the United States or of
this State.

(b) It shall file with the State Tax Commission of Maryland
a certified copy of its charter, constitution and by-laws, and
other rules and regulations showing its manner of conducting
business, together with a statement such as is required annually
from all associations,

(c) It shall file with the State Tax Commission a power of
attorney appointing a citizen of this State, resident within
this State, the agent or attorney for the association, upon whom
process of law can be served. There must also be filed a certi-
fied copy of the vote or resolution of the directors appointing
such attorney, which appointment shall continue until another
attorney is substituted, and said writing or power of attorney
shall stipulate and agree 011 the part of the association making
the same that any lawful process against said association which
is served on such attorney shall be of the same legal force and
validity as if served on such association within this State; and
also that in case of the death or absence of the attorney so
appointed, service of process may be made upon any one of the
members of the State Tax Commission of Maryland, and such
power of attorney cannot be revoked or modified (except that a
new one may be substituted), so long as any liability remains
outstanding against such association in this State. The term
process used above shall foe held and deemed to include any
writ, summons or order whereby any action, suit or proceeding