Marvin Mandel, Governor                         377

banking and banking institutions throughout the State in such man-
ner as will give the fullest possible protection to the interests of de-
positors and stockholders in the banking institutions of the State. The
members of said Banking Board shall take the oath and be bound
by the provisions of Section 22 of this article as to all facts and
information obtained by them in the performance of their official
duties, or in connection with any confidential reports submitted to
them by the Bank Commissioner.

33.

Whenever articles of incorporation are filed with the Bank Com-
missioner, as herein provided, and the bank transmitting the same
notifies the Bank Commissioner that its necessary or required capital
has been duly paid in, in money, as hereinbefore in this subtitle
directed, and that such bank has complied with all the provisions of
this article required, before the Bank shall be authorized to com-
mence business the Bank Commissioner shall examine into the condi-
tion of such bank, ascertain whether or not all of the capital stock
provided for in Section 28 of this article shall have been paid for in
full, the name and place of residence of each of its directors, and
whether such bank has complied with all the provisions of law re-
quired to entitle it to engage in the business of banking. A certified
list of the bona fide stockholders or subscribers shall be furnished the
Bank Commissioner, showing the name, residence and actual number
of shares subscribed to and paid for. If, upon such examination, it
appears that such bank is lawfully entitled to commence business,
the Bank [Commissioners] Commissioner shall forthwith give to
such bank a certificate, under his hand official seal, that such bank is
authorized to commence business. If the Bank Commissioner has
reason to believe that the stockholders have formed the same for any
other than the legitimate business contemplated by this article, he
may, with the advice and consent of the Secretary of Licensing and
Regulation, withhold the certificate herein mentioned.

Sec. 2. And be it further enacted, That this Act shall take effect
on July 1, 1971.

Approved April 23, 1971.

CHAPTER 121
(House Bill 115)

AN ACT to repeal and re-enact, with amendments, Section 120(a)
of Article 2B of the Annotated Code of Maryland (1968 Replace-
ment Volume), title "Alcoholic Beverages," subtitle "Restrictions
Upon Licensees," to provide that IN ALLEGANY COUNTY the
minimum age in the employment of a minor by a licensee be lowered
to eighteen years; to prohibit that minor from selling or serving
alcoholic beverages as a matter of employment; and to permit
that minor to prepare and serve food, be a musician or entertain,
or provide general help in the business.