H^JRRY W. NICE, GOVERNOR. 1043

less than one hundred dollars ($100. 00) in the case of banks
having a capital "stock not in excess of twenty-five thousand
dollars ($25, 000. 00); two hundred and fifty dollars ($250. -
00) in the case of banks having a capital stock of more than
twenty-five thousand dollars ($25, 000. 00) and not in excess
of fifty thousand dollars ($50, 000. 00); five hundred dollars
($500. 00) in the case of banks having a capital stock of
more than fifty thousand dollars ($50, 000. 00) standing in
his name on the books of the bank. Provided, however, that
in determining the amount of stock which a director shall
own, only the par value of the common stock shall be con-
sidered and capital notes and/or debentures sold or issued
by any such banking institution shall not be considered in
such calculation. Any vacancy in the Board of Directors
shall be filled by the Board, and the directors so appointed
shall hold office until the next election. Within fifteen days
after the date on which the annual meeting of the stock-
holders is held, the directors elected at such meeting shall,
after due qualification, hold a meeting at which the officers
of the bank shall be elected and hold their offices for one
year and until their successors have been elected and quali-
fied, unless sooner removed by the board of directors. The
directors of a bank for the time being shall give three
weeks' public notice in at least two daily newspapers pub-
lished in the City of Baltimore, if the corporation be located
in the City of Baltimore, or in at least one or more news-
papers published in the county if there be two newspapers
published in the county where the corporation may be
located, if not located in the said city of the annual meeting
of the stockholders. Nothing contained in this section shall
be construed to affect the term of office of any director
heretofore elected.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1935.

Approved April 25, 1935.

CHAPTER 496.

AN ACT to repeal and re-enact, with amendments, Section
9A of Article 11 of the Annotated Code of Maryland
(1924 Edition), title "Banks and Trust Companies, " sub-
title "Bank Commissioner, " as said section was amended
by Chapter 107 of the Acts of the Extraordinary Session
of 1933, relating to security for deposits made by the