736                              LAWS OF MARYLAND                      [CH. 435

Fifth: To make, amend and repeal by-laws and regulations, not
inconsistent with law or its articles of organization, for its own
government, for the orderly conduct of its affairs and the man-
agement of its property, for determining the manner of calling and
conducting its meetings, the tenure of office of its several officers,
and such other matters as shall be necessary or convenient for the
accomplishment of its purpose.

Sixth: To exercise, by its directors, duly authorized officers or
agents, all such powers as shall be usual in carrying on the business
of banking; by buying, discounting and negotiating promissory
notes, bonds drafts, bills of exchange, foreign and domestic, and
other evidences of debt; by receiving deposits of money upon which
interest may be paid; by buying and selling coin and bullion;
by buying and selling exchange, foreign and domestic; by accept-
ing for payment at a future date, drafts or bills of exchange
drawn upon it, having not more than six months to run, which
grow out of transactions involving the importation or exportation
of goods, or which grow out of transactions involving the domestic
shipment of goods, provided shipping documents conveying or secur-
ing title are attached at the time of acceptance, or which are secured
at the time of acceptance, by a warehouse receipt or other such
document conveying or securing title covering readily marketable
staples, by accepting drafts or bills of exchange drawn upon it hav-
ing not more than three months' sight to run, by banks or bankers
in foreign countries or dependencies or insular possessions of the
United States for the purpose of furnishing dollar exchange as re-
quired by the usages of trade in the respective countries, depend-
encies or insular possessions, provided that it shall not accept such
drafts or bills of exchange for the purpose of furnishing dollar ex-
change for any one bank or banker to an amount not exceeding
in the aggregate 10 per centum of the paid-up and unimpaired
capital and surplus of the accepting bank unless the draft or bill
of exchange is accompanied by documents conveying or securing
title or by some other adequate security, and provided further that
it shall not accept such drafts or bills of exchange for the purpose
of furnishing dollar exchange in any amount exceeding at any time
the aggregate of one-half of its paid-up and unimpaired capital and
surplus; by issuing letters of credit, authorizing the holders thereof
to draw drafts upon it for its correspondents at sight or on time
not exceeding one year; SUBJECT TO RULES AND REGULA-
TIONS WHICH MAY BE ISSUED FROM TIME TO TIME BY THE
COMMISSIONER, AND ONLY UNTIL JUNE 1, 1967, by becoming
the owner and lessor of personal property (OTHER THAN LEASE-
HOLD INTERESTS IN REAL ESTATE) acquired upon the specific
request of and for the use of a customer; provided, however, that the
overall aggregate of such property purchased for the use of any one
customer shall not exceed ten per cent (10%) of the unimpaired capi-
tal and surplus of the bank, and the overall investment of the bank
in such property leased to all lessees shall at no time exceed one hun-
dred per cent (100%) of its unimpaired capital and surplus; and by
loaning money on personal or real security, as provided hereinafter.

Seventh: To deposit securities for the purpose of securing de-
posits of the United States government and its agencies, and the
State of Maryland and its departments and agencies, including the
Treasurer and Comptroller, and counties, cities, towns and other