58                                  LAWS OF MARYLAND                         [CH. 51

zation, the Commission, when notified by any county of the State as
hereinafter provided, is hereby authorized and directed to borrow
money from time to time as hereinafter limited, and to evidence such
borrowing by the issue of its bonds, in form and tenor substantially
as provided in Section 200 of this subheading, and to disburse the
proceeds of said borrowing, and pay the principal and interest of
said bonds, as hereinafter provided. The authority hereby granted is
such that at no time shall there be outstanding bonds issued under
this section in excess of the face amount of fifty million dollars
($50,000,000), but such limitation shall not be construed to mean
that the total principal amount of bonds which may be issued pur-
suant to this section during the period specified in Section 199 of this
sub-heading may not exceed said sum.

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

Approved March 11, 1965.

CHAPTER 51
(Senate Bill 64)

AN ACT to repeal and re-enact, with amendments, Sections 212 and
219B of Article 11 of the Annotated Code of Maryland (1964 Sup-
plement), title "Banks and Banking", sub-title "Currency Ex-
change Law", amending the so-called Currency Exchange Law in
this State in order to correct errors in certain portions of this law.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 212 and 219B of Article 11 of the Annotated Code of
Maryland (1964 Supplement), title "Banks and Banking", sub-title
"Currency Exchange Law", be and they are hereby repealed and re-
enacted, with amendments, to read as follows:

212.

Application for such license shall be in writing, under oath, on a
form to be prescribed by the Commissioner. Each application shall
contain the following information.

(1)  The full name and address (both of residence and place of
business) of the applicant, and if the applicant is a partnership or
association, of every member thereof, and the name and business
address if the applicant is a corporation, as well as the officers and
directors thereof, except that if the applicant is a joint stock asso-
ciation having one hundred (100) or more members or shareholders
the names and business addresses need be given only of the associa-
tion and of each officer and director thereof.

(2)  The county, city, town or village with the street number, if
any, where the seller or issuer is to transact such business. At the
time of the filing of an application with the Commissioner, said
applicant shall set forth the name and business address of every agent
authorized to conduct and transact the business set forth in this sub-