ALBERT C. RITCHIE, GOVERNOR.                  753

institution doing a banking business shall hereafter undertake
to establish or organize a branch or branches outside of the
city, town or village in which they are now located, in which
event the aforegoing terms and conditions relative to the sub-
scription and payment of capital stock shall be fully complied
with, for each and every branch so established or organized,
so that for every branch, or branches hereafter established by
any bank, additional capital shall be subscribed and paid for
in the manner herein provided, unless the paid-in capital
of such bank is already sufficient under the present conditions
of the law to provide the capital required by a bank hereunder
doing business in the city, town or village in which it may be
located, and for branch banks in cities, towns or villages in
which it proposes to establish branches; provided, however, that
no branch shall hereafter be established by any bank, in the
city, town or village, where said bank is now located, and en-
gaged in business, until said bank conforms to the requirements
herein provided, as to the minimum amount of capital stock
for banks in said city, town or village.

SEC. 3. And be it further enacted, That Section 25 of
Article 11 of the Annotated Code of the Public General Laws
of Maryland, Edition of 1924, entitled "Banks and Trust
Companies, " sub-title "Banks, " as the said section was re-
pealed and re-enacted by Chapter 273 of the Acts of Assembly
of 1929, be, and the same is hereby repealed and re-enacted,
with amendments, 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
money, as hereinbefore in this subtitle directed, and that
such bank has complied with all the provisions of this Arti-
cle 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 residence of
each of its directors, and whether such bank has complied with
all the provisions of law required to entitle it to engage in
the business of banking. A certified list of the bona fide stock-
holders or subscribers shall be furnished the Bank Commis-
sioner, showing the name, residence and actual number of