934 LAWS OF MARYLAND. [CH. 692

sion of the United States of America, which if in default as
to principal or interest, shall be carried at market value.

e. Interest bearing bonds, notes or other interest bearing
obligations of any corporation organized under the laws of
the United States of America or of the Dominion of Canada,
or under the laws of any State, District of Columbia, Territory
or possession of the United States of America, which if in
default as to principal or interest, shall be carried at market
value. Equipment trust obligations or certificates or other
secured instruments evidencing an interest in transportation
equipment wholly or in part within the United States of
America and a right to receive determined portions of rental,
purchases or other fixed obligatory payments for the use or
purchase of such transportation equipment.

f. Dividend paying stocks or shares of any corporation
created or existing under the laws of the United States of
America or of any State, District of Columbia, Territory or
possession of the United States of America; provided, that, to
the extent necessary to satisfy the investment requirements
hereunder, no company may invest more than 10% of its total
admitted assets in preferred stocks, nor more than 10% of its
total admitted assets in common stocks; and further pro-
vided, that no company may invest more than 5% of its total
admitted assets in the stock or shares of any one corporation.

g. Loans secured by first mortgages, or deeds of trust, on
unencumbered fee simple or improved leasehold real estate in
the District of Columbia or in any State of the United States
of America, to an amount not exceeding 66 2/3% of the fair
market value of such fee simple or improved leasehold real
estate. Whenever such loans are made upon fee simple, or
improved leasehold real estate which is improved by a building
or buildings, the said improvements shall be insured against
loss by fire, and the fire insurance policies shall contain the
New York or Massachusetts standard mortgage clause or one
equivalent thereto and shall be delivered to the mortgagee
as additional security for the said loans; 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 limita-
tions of this section nor any other law of this State requiring
security upon which loans shall be made, or prescribing the
nature, amount or forms of such security, or limiting the
interest rates upon loans, shall be deemed to apply to such
insured mortgage loans. In all investments made upon mort-
gages, the evidence of the debt, if any, shall accompany the
mortgage or deed of trust.