ALBERT C. RITCHIE, GOVERNOR. 301

power of the company to terminate the same in case of the
depreciation of the securities below that limit. In all in-
vestments made upon mortgage securities, the evidence of
the debt shall accompany the mortgage or deed of trust,
and the insurance commissioner shall have the authority,
when any of the securities mentioned in this section and
held by any insurance company reporting to him are of
doubtful market value, or without any ascertainable value
on the exchange, to cause the same to be appraised by two
disinterested and competent persons, whose estimate of
the value of such securities shall be taken to be the value
thereof, unless the company, by placing some of them upon
the market, and obtaining a bona fide offer therefor, shall
so establish for them a different value.

SEC. 2. And be it further enacted, That this Act is
hereby declared to be an emergency law, necessary for the
immediate preservation of the public health and safety, and
being passed upon 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 110.

AN ACT to repeal and re-enact, with amendments, Sec-
tion 9 of Article 90 of the Code of Public General Laws
of Maryland, Edition of 1924, title "Sureties, " sub-title
"Counter Security, " authorizing the acceptance of bonds
of the Home Owners Loan Corporation by the State
Treasurer as collateral security for the deposit of funds
by the State Treasurer.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 9 of Article 90 of the Code of Pub-
lic General Laws of Maryland, Edition of 1924, title
"Sureties, " sub-title "Counter Security, " be, and the same
is hereby repealed and re-enacted, with amendments, so as
to read as follows:

9. When the surety or sureties on the bond of any
bank or trust company used as a depository for the funds
of the State Treasurer shall notify the Governor and the