J. MILLARD TAWES, Governor                        341

(d) No mutual savings institution shall have invested in its bank-
ing house, furniture and fixtures, an amount in excess of fifty per
cent (50%) of its unimpaired guarantee fund, provided, however,
that the Commissioner may authorize such ordinary repairs, replace-
ments to furniture and fixtures, and other structural improvements
as, in his opinion, are necessary for the proper continuance of its
banking business in excess of such fifty per cent (50%) under such
conditions as he may prescribe.

[46.

In the month of October in the year one thousand nine hundred
and nineteen, and in every fourth year thereafter, prior to the meet-
ing of the General Assembly of Maryland, the treasurer of every
savings institution in the State shall deliver to the Bank Commis-
sioner a written statement, sworn to by him, or by the president,
containing the name and the amount standing to his or her credit of
every depositor who shall not have made any deposit therein or drawn
any money upon their accounts for a period of twenty years next
prior to the first day of September preceding; provided that accounts
of five dollars or less shall not be so reported; and provided further,
that this section shall not apply to the deposit made by any person
known to the said treasurer to be living, and provided further that
the treasurer of any savings institution shall not be required to in-
clude in said written statement any check or voucher outstanding,
growing out of or emanating from any Christmas savings fund or
Christmas deposit or other similar deposits having a maturity of one
year or less, of any such savings institution. The Commissioner shall
communicate the Statements which shall be received by him in his
next report to the Governor.

47.

Any treasurer of a savings institution who shall neglect or fail to
comply with the provisions of Section 46 of this article shall be sub-
ject to a fine of five hundred dollars for each failure or neglect, to be
recovered by indictment in the circuit court for the county where the
savings institution may be located, or in the Criminal Court of Balti-
more City, as the case may be.

48.

No corporation created under the laws of any other state, and no
corporation or association created under the laws of this State not
authorized by its charter or certificate to conduct the business of sav-
ings bank or savings institution, nor copartnership, firm nor indi-
vidual shall advertise or put forth a sign as a savings bank or savings
institution. Every corporation, association, copartnership, firm or
individual violating or assisting in the violation of the provisions of
this section shall be guilty of a misdemeanor and liable to a fine of five
hundred dollars for such offense.]

51.

Every savings institution incorporated under this article or here-
tofore incorporated with the written consent of the [Bank] Commis-
sioner, may merge or consolidate with [a like institution] any other
banking institution in this State, by a vote, in person or by proxy, of
two-thirds of its corporate members or like governing bodies, and in