396 LAWS OF MARYLAND [CH. 79

Hundred Forty-four, known as Public Law 346—Seventy-
eighth Congress, Chapter 268—2nd Session, cited as the "Serv-
icemen's Readjustment Act of 1944" as heretofore and here-
after amended.

(e) Bonds or notes secured by mortgage or trust deed in-
sured by the Farmers Home Administration under Title I of
the Bankhead-Jones Farm Tenant Act (7 U. S. C. 1000 et
seq.), as heretofore or hereafter amended, and neither the
limitations of this section nor any other law of this State
requiring security upon which loans shall be made, or pre-
scribing the nature, amount or forms of such security, or
limiting the interest rates upon loans, shall be deemed to
apply to such insured bonds or notes.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1950.

Approved March 28, 1950.

CHAPTER 79
(House Bill 32)

AN ACT to repeal and re-enact, with amendments, Sub-section
(1) (g) of Section 25 of Article 48A of the Annotated
Code of Maryland (1947 Supplement), title "Insurance",
sub-title "General Provisions", sub-heading "Investments—
Life", relating to investment of capital, surplus and other
funds of life insurance companies in mortgages.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sub-section (1) (g) of Section 25 of Article 48A
of the Annotated Code (1947 Supplement), title "Insurance'',
sub-title "General Provisions", sub-heading "Investments—
Life", be and it is hereby repealed and re-enacted, with amend-
ments, to read as follows:

25.

(1) (g) Loans secured by first mortgages, or deeds of trust,
on unencumbered fee simple or improved leasehold real estate

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike-out indicates matter stricken out of bill.