102 LAWS OF MARYLAND. [CH. 15

the immediate preservation of the public health and safety,
and having been passed on a yea and nay vote, supported
by three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved December 15, 1933.

CHAPTER 15.

AN ACT to add a new section to Article 11 of
the Annotated Code of Public General Laws of Mary-
land, title "Banks and Trust Companies, " the said new
section to follow immediately after Section 64A, under
sub-title "General Regulations, " to be known as Section
64B, authorizing and permitting every banking institu-
tion, organized under the laws of this State, if the action
is approved by a vote of a majority of its Board of Di-
rectors, to become a member of the "Temporary Federal
Deposit Insurance Fund, " and/or to become a member
of the Federal Deposit Insurance Corporation and/or
to become a member of the Federal Reserve System
and/or to make all required payments into said Insur-
ance Fund and/or from time to time to subscribe and
pay for stock of the Federal Deposit Insurance Cor-
poration, and/or to pay to such Corporation any proper
assessment made by it upon its stockholders or members
from time to time, and from time to time to subscribe
and pay for stock of the Federal Reserve Bank, and to
comply with the provisions which may be applicable to
such banking institution contained in the "Banking Act
of 1933, " passed by the Congress of the United States
and approved June 16, 1933, and any amendment or
amendments hereafter made thereto, and likewise au-
thorizing and permitting every banking institution, if
authorized by a vote of a majority of its Board of Di-
rectors, to withdraw from the Temporary Federal De-
posit Insurance Fund, and/or the Federal Deposit In-
surance Corporation and/or the Federal Reserve System,
and to sell and dispose of any stock that it may own in
any Federal Reserve Bank or in said Federal Deposit
Insurance Corporation, in accordance with the provisions
of said "Banking Act of 1933" or any amendment or
amendments hereafter made thereto, and generally, from