ALBERT C. RITCHIE, GOVERNOR.                 1093

accepting1 for payment at a future date, drafts or bills of ex-
change drawn upon it, having not more than six months to run,
which grow out of transactions involving the importation or
exportation of goods, or which grow out of transactions involv-
ing the domestic shipment of goods, provided shipping; docu-
ments1 conveying or securing title are attached at the time of
. acceptance, or which are secured at the time of acceptance, by
a warehouse receipt or other such document conveying or secur-
ing title covering readily marketable staples; by accepting drafts
or bills of exchange drawn upon it having not more than three
months' sight to run, by banks or bankers in foreign countries
or dependencies or insular possessions of the United States for
the purpose of furnishing dollar exchange as required by the
usages of trade in the respective countries, dependencies', or
insular possessions, provided that it shall not accept such drafts
or bills of exchange for the purpose of furnishing dollar ex-
change for any one bank or banker to an amount exceeding in
the aggregate ten per centum of the paid-up and unimpaired
capital and surplus of the accepting company unless the draft or
bill of exchange is accompanied by documents conveying or
securing title or by some other adequate security, and provided
further that it shall not accept such drafts or bills of exchange
for the purpose of furnishing dollar exchange in an amount
exceeding at any time the aggregate of one-half of its paid-up
and unimpaired capital and surplus; by issuing letters of credit
authorizing the holders thereof to draw drafts upon it or its
correspondents at sight or on time not exceeding one year; and
when moneys or securities for moneys are borrowed or received
on deposit, or for investment, the bonds or obligations of the
company may be given, therefor, but it shall have no right to
issue bills to circulate as money.

Tenth. To be appointed and to accept the appointment of
executor or of trustee under the last will and testament, or
administrator, with or without the will annexed, of the estate
of any deceased person, and to be appointed to act as the com-
mittee of the estates of lunatics, idiots, persons of unsound mind
and habitual drunkards.

Eleventh. To deposit securities for the purpose of securing
deposits of the United States Government and its agencies, and
the State of Maryland and counties, cities, towns and other po-
litical subdivisions of the State of Maryland, or to secure the
surety or sureties on bonds furnished to secure such deposits.

SEC. 3. And be it further enacted, That this Act shall take
effect June 1, 1931.

Approved April 17, 1931.