J. MILLARD TAWES, Governor                     1285

land be and the same is hereby cancelled, rescinded and repealed,
but only to the extent that such authority has not been exercised
prior to the effective date of this Act: Chapter 371 of the Laws of
Maryland of 1953, Chapter 558 of the Laws of Maryland of 1953,
Chapter 622 of the Laws of Maryland of 1957, Chapter 702 of the
Laws of Maryland of 1959, Chapter 904 of the Laws of Maryland of
1961, and Chapter 25 of the Laws of Maryland of 1962, enacted at
the Special Session held on March 9, 1962.

Sec. 2. And be it further enacted, That nothing contained in this
Act shall be construed as impairing the validity of any proceedings
or action taken, or the validity of any bonds issued, prior to the
effective date of this Act, under the provisions of the laws enumerated
in Section 1 of this Act, and the authorization, sale and issuance of
all bonds issued prior to the effective date of this Act, pursuant to
such authority be and they are hereby ratified and confirmed, and
all such bonds are hereby validated as being validly authorized,
issued and sold.

Sec. 3. And be it further enacted, That this Act shall take effect
on the first day of June, 1965.

Approved May 4, 1965.

CHAPTER 804
(House Bill 569)

AN ACT to add new Section 41 to Article 21 of the Annotated
Code of Maryland (1957 Edition and 1964 Supplement), title
"Conveyancing," subtitle "Mortgages," to follow immediately after
Section 40 thereof, to prohibit trustees under deeds of trust
from charging or demanding any fees for releasing them with
certain exceptions, and providing penalties for violation.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 41 be and it is hereby added to Article 21 of the
Annotated Code of Maryland (1957 Edition and 1964 Supplement),
title "Conveyancing," subtitle "Mortgages," to follow immediately
after Section 40 thereof, and to read as follows:

41.

No trustee upon any deed of trust HEREAFTER recorded in this
State shall charge, demand or receive any money or any other thing
of value for the PARTIAL OR COMPLETE release thereof except
such fee as may be permitted under the laws of this State or as may
be specified in the instrument. Any person found guilty of a violation
of this Section shall be deemed guilty of a misdemeanor and shall
upon conviction thereof be fined not more than one thousand dollars
($1,000.00). ONE HUNDRED DOLLARS ($100.00).

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965. JANUARY 1, 1966.

Approved May 4, 1965.