ALBERT C. RITCHIE, GOVERNOR.                  757

in a city containing more than twenty-five thousand inhabitants
and less than one hundred thousand inhabitants, and with a
capital of at least one hundred thousand dollars in a city or
town the population of which does not exceed twenty-five thou-
sand inhabitants, the number of inhabitants in each case to be
ascertained or determined by the last Federal or State enu-
meration, and no trust company shall start business until all
of the capital stock provided for in its charter shall have been
paid for in full in money and no payment shall be regarded
as made by the delivery of any note, security or property of
any kind as a substitute for money.

In the event that any Trust Company hereafter establishes
a branch or branches outside of the city, town or village in
which it is now located, it shall add to its capital stock for
each branch established the sum of twenty-five thousand dol-
lars in towns or villages having less than fifteen hundred in-
habitants; thirty-five thousand dollars in towns, villages or
cities having more than fifteen hundred and less than thirty-
five hundred inhabitants; forty thousand dollars in towns or
cities having more than thirty-five hundred and less than five
thousand inhabitants; forty-five thousand dollars in cities hav-
ing more than five thousand and less than ten thousand in-
habitants; sixty-five thousand dollars in cities having more
than ten thousand inhabitants and less than fifty thousand in-
habitants; one hundred thousand dollars in cities having more
than fifty thousand inhabitants and less than one hundred and
fifty thousand inhabitants, and two hundred thousand dollars
for cities having more than one hundred and fifty thousand
inhabitants; the number of inhabitants in each case to be ascer-
tained or determined by the last Federal or State enumera-
tions; unless the paid-in capital of such trust company is al-
ready sufficient under the present conditions of the law to pro-
vide the capital required by a trust company hereunder doing
business in the city, town or village in which it may be located,
and for branches in cities, towns or villages in which it pro-
poses to establish branches; provided, however, that no branch
shall hereafter be established by any trust company, in the
city, town or village where said trust company is now located
and engaged in business, until said trust company conforms
to the requirements herein provided as to the minimum amount
of capital stock for trust companies in said city, town or village.

SEC. 7. And be it further enacted, That Sections 45 and 50'
of Article 11 of the Annotated Code of the Public General