1090 LAWS OF MARYLAND. [CH. 635

shall be at all times during the continuance of such loans,
at least ten per cent more than the sum loaned on them. All
such loans shall be subject to the power of the company to
terminate the same in case of the depreciation of the securities
below that limit. In all investments made upon mortgage
securities, the evidence of the debt shall accompany the mort-
gage or deed of trust, and the insurance commissioner shall
have the authority, when any of the securities mentioned in
this section and held by any insurance company reporting
to him are of doubtful market value, or without any ascer-
tainable value on the exchange, to cause the same to be ap-
praised by two disinterested and competent persons, whose
estimate of the value of such securities shall be taken to be the
value thereof, unless the company, by placing some of them
upon the market, and obtaining a bona fide offer therefor,
shall so establish for them a different value; provided further
that it may also be loaned upon deposits or accounts in Fed-
eral Savings and Loan Associations and upon first mortgages
which the Federal Housing Administrator has insured or has
made a commitment to insure or invested in mortgage notes
or bonds so insured, and neither the limitations of this section
nor any other law of this State requiring security upon which
loans shall be made, or prescribing1 the nature, amount or form
of such security, or limiting the interest rates upon loans,
shall be deemed to apply to such insured mortgage loans.

SEC. 2. And be it -further enacted, That this Act shall take
effect June 1, 1941.

Approved May 2, 1941.

CHAPTER 635.
(Souse Bill 12)

AN ACT to repeal and re-enact, with amendments, Sections 85
and 90 of Article 33 of the Annotated Code of Maryland
(1939 Edition), title "Elections", sub-title "Nominations".

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 85 and 90 of Article 33 of the Annotated
Code of Maryland (1939 Edition), title "Elections",. sub-title
"Nominations", be and the same are hereby repealed and re-
enacted, with amendments, so as to read as follows:

85. A candidate for public office, including candidates for
the office of United States Senator from Maryland, may be