806 LAWS OF MARYLAND. [CH. 274

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 25 of Article 11 of the Annotated
Code of Maryland, Edition of 1924, 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repealed and re-enacted, with amendments, so as to read as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:

25. Whenever articles of incorporation are filed with the
Bank Commissioner, as herein provided, and the bank trans-
mitting the same notifies the Bank Commissioner that its
necessary or required capital has been duly paid in, in cash,
and that such bank has complied with all the provisions of this
Article required, before the bank shall be authorized to com-
mence business the Bank Commissioner shall examine into
the condition of such bank, ascertain whether or not all of
the capital stock provided for in Section 20 of this Article
shall have been paid for in full, the name and place of resi-
dence of each of its directors, and whether such bank has com-
plied with all the provisions of law required to entitle it to
engage in the business of banking. If, upon such examination,
it appears that such bank is lawfully entitled to commence
business, the Bank Commissioner shall forthwith give to such
bank a certificate, under his hand and official seal, that such
bank is authorized to commence business. If the Bank Com-
missioner has reason to believe that the stockholders have
formed the same for any other than the legitimate business
contemplated by this Article, he may, with the advice and con-
sent of the Governor, withhold the certificate herein mentioned.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1929.

Approved April 2, 1929.

CHAPTER 274.

AN ACT to repeal and re-enact with amendments Chapter 37
of the Acts of 1922, entitled as follows: "An Act to repeal
and re-enact, with amendments, Sections 115 and 118 of
Offutt's Code of the Local Laws of Baltimore County of the
edition of 1916, as said sections were amended by Chapter
2 of the Acts of 1920, relating to the duties of the County