42 JOURNAL OF PROCEEDINGS [June 9

and its director" and insert in lieu thereof the following: "Bank Com-
missioner".

Which amendment was read and rejected.

Amendment No. 2—In lines 16 and 17 of Section 160D on Page 3
of the third reading file bill in lines 20 and 21 of said section on Page 3
of the third reading file bill, in line 2 of Section 160F on Page 5 thereof,
in lines 3 and 4 of Section 160F on Page 5 thereof, and in lines 5 and 6 of
Section 160F on page 5 thereof strike out in each instance the following:
"State Department of Assessments and Taxation" and insert in lieu there-
of in each instance the following: "Bank Commissioner".

Which amendment was read and rejected.

Amendment No. 3—In line 10 of Section 160F on Page 5 of the third
reading file bill, strike out the following: "Director of State Department
of Assessments and Taxation" and insert in lieu thereof the following:
"Bank Commissioner".

Which amendment was read and rejected.

Amendment No. 4—In lines 10 and 11, and in lines 15 and 16 of
Section 160F on Page 5 of the third reading file bill, strike out in each
instance the following: "The Director of the State Department of As-
sessments and Taxation" and insert in lieu thereof in each instance the
following "the Bank Commissioner".

Which amendment was read and rejected.

Amendment No. 5—In lines 15 and 16 of Section 3 on Page 21 of
the third reading file bill, strike out the following: "Department of As-
sessments and Taxation or its Director" and insert in lieu thereof in
each instance the following: "Bank Commissioner".

Which amendment was read and rejected.

Mr: Imber, duly seconded, moved for the adoption of an amend-
ment offered by him from the floor.

Amendment To Senate Bill No. 1
By Mr. Imber:

Strike out all of lines 33, 34, 35 and 36 comprising all of sub-section
(e) of Section 160Z on Page 18 of the third reading file bill and insert
in lieu thereof the following:

"(e)) First and Subsequent Mortgages. —The original and first
mortgage upon any such real or leasehold property shall be a first
lien thereon; and no association shall hold a later or subsequent
mortgage upon that real or leasehold property if the sum of all later
or subsequent mortgages thereon, in the aggregate exceeds an amount
which is equal to fifty percentum (50%) of the amount for which
the original and first mortgage initially was created. "

Which amendment was read and rejected.

On motion of Mr. Boone, duly seconded, and two-thirds of all the
members-elect voting in the affirmative, the rules were suspended by
yeas and nays as follows, to permit said bill to be put on third reading
and final passage.