1770 LAWS OF MARYLAND [CH. 583

ation, the name of the State under whose laws it was incorpo-
rated; the principal place of business of the factor within this
State or if factor has no place of business within this State,
factor's principal place of business outside of this state;

(b) The name and address of the borrower, and the address
of borrower's principal place of business, and if borrower is a
partnership, the names and addresses of the several partners,
and if the borrower is a corporation, the State of its incorpo-
ration, and the interest of the borrower in the merchandise,
as far as shown to the factor;

(c) The general character of merchandise subject to the
lien, or which may become subject thereto, and the period of
time, whether definite or indefinite, during which such loans
or advances may be made under the terms of the agreement
providing for such loans or advances and for such lien. Said
agreement shall contain a general description of the place
where the merchandise or any substantial portion thereof is or
intended to be located, kept or stored, and such other and addi-
tional terms and conditions as factors and borrowers ['] may
elect.

Amendments may be filed from time to time to record any
changes in the agreement or recorded memorandum. Such lien
shall be valid from the time of such recording, whether such
merchandise shall be in existence at the time of the execution
of the written agreement creating the lien or shall come into
existence subsequently thereto, or shall subsequently thereto
be acquired by the borrower. The Clerks of the said Courts
shall accept for recording every such agreement or memoran-
dum presented for that purpose and shall endorse thereon the
time of its receipt; such agreement or memorandum shall be
recorded in a special book for that purpose entitled "Factors'
Liens. " Such Clerks, at the time of such recording, shall, upon
request, issue to the person filing the same a receipt in writing,
containing the substance of the entries made or to be made as
hereinbefore provided. The Clerk of the Court in whose office
said memorandum is filed shall be entitled to receive for re-
cording the same the sum of One Dollar and Fifty Cents
($1. 50); if said agreement is recorded in full, the fee for such
recording shall be such sum as now is or may hereafter be
prescribed for recording instruments of like character.

26A. A lien on merchandise created in accordance with the
provisions of this sub-title may be foreclosed in the same man-
ner and under the same terms and conditions as mortgages of
personal property may be foreclosed under the laws of this
State or in such manner and under such terms and conditions