1134 LAWS OF MARYLAND. [CH. 561

to provide for the giving of mortgage on real or personal
property as security for such loans.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 19 of Article 58A of the Annotated Code of
Maryland (1935 Supplement), title "Loans—Petty", be and it
is hereby repealed and re-enacted, with amendments, to read
as follows:

19. This Article shall not apply to any person, copartner-
ship or corporation doing business under any law of this State,
or of the United States, relating to banks, trust companies or
building and loan associations, or to companies or corpora-
tions making loans at a rate of interest not exceeding 6% per
annum, on the principal amount of the loan, in advance,
charging an investigation fee not exceeding four (4%) per
cent of the amount of the loan, on loans of Three Hundred
Dollars ($300) or less and charging a fee of not exceeding 2%
on amounts above Three Hundred Dollars ($300) which
companies, persons or corporations may require the bor-
rower to give as security for such loan, mortgage on real or
personal property, or to purchase Certificates of Investment
or choses in action equal in amount to the sum borrowed and
to pay therefor in equal weekly or monthly installments
covering approximately the period of the loan, provided that
the proceeds of said Certificates of Investment or choses in
in action shall, at the option of the borrower, be received at
maturity in payment of said loan.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1939.

Approved May 27, 1939.

CHAPTER 561.
(House Bill 678)

AN ACT to add a new section to Article 17¹ of the Code of
Public Local Laws of Maryland (1930 Edition), title "St.
Mary's County", sub-title "Leonardtown", said new section
to be known as Section 95A and to follow immediately after
Section 95 of said Article, to extend the boundaries of
Leonardtown.

¹Article 19 evidently intended