ALBERT C. RITCHIE, GOVERNOR. 1367

McDonogh or under said Ordinance No. 68 of the Mayor and
City Council of Baltimore, or any ordinance amendatory there-
of or supplemental thereto, or under a deed or will or gift from
any other person, either as separate funds or as a common fund,
to such extent as it may deem judicious, not however, contrary to
or in violation of any of the express terms of any grant, will
or other instrument under which any part of said property may
be held.

SEC. 6. This Act shall take effect on the first day of June, 1929.
Approved April 11, 1929.

CHAPTER 564.

AN ACT to repeal and re-enact with amendments Section 19
of Article 58A of the Annotated Code of Maryland (1924
Edition), title "Loans—Petty, " said (amendment altering the
amount of the fee allowed to be charged on certain loans
made by banks and certain other companies in Frederick
County.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 19 of Article 58A of the Annotated Code of
Maryland (1924 Edition), title "Loans—Petty, " be sand it is
hereby repealed and re-enacted with amendments to read as
follows:

19. This Article shall not apply to any person, co-partnership
or corporation doing business under any law of this State, or
of the United States, relating to banks, trust companies, or
building and loan associations, or to companies or corporations
making loans at a rate of interest, not exceeding 6% per annum,
charging a fee not exceeding two per cent. (2%) of the amount
of the loan, and in Frederick County charging a fee not exceed-
ing 4% on loans; of Three Hundred Dollars ($300) or less
and charging a fee of not exceeding 2% on loans above
Three Hundred Dollars ($300), to cover the cost of in-
vestigating the character and circumstances of the borrower
and of the co-makers of the borrower's note evidencing
the loan, and requiring the borrower as security for such
loan, to purchase Certificates of Investment or choses in
action equal in amount to the sum borrowed and to pay therefor
in equal weekly or monthly installments covering approximately
the period of the loan, provided that the proceeds of said Cer-