Ch. 651                             MARVIN MANDEL, Governor                                1309

(b) The articles of incorporation shall state

(1)   The name (including given name) and post-office address of each
incorporator, that each incorporator is at least [twenty-one] EIGHTEEN years of
age, and that the incorporator or incorporators are forming a corporation under
the general laws of the State of Maryland.

(2) The name of the corporation.

(3)  The purpose or purposes for which the corporation is formed.

(4)  The post-office address of the principal office of the corporation in this
State and the name and post-office address of the resident agent of the corporation
in this State.

(5)  The total number of shares of stock of all classes which the corporation
has authority to issue; the number and par value of the shares of stock of each
class or a statement that such shares are without par value; and, in the case of
shares having par value, the aggregate par value of all such shares of all classes.

(6)  If the shares are divided into classes, a description of each class with the
preferences, conversion and other rights, voting powers, restrictions, limitations as
to dividends and qualifications of each class.

(7)  The number of directors , which shall not be less than three, and the
names of those who shall act as such until the first annual meeting or until their
successors are duly chosen and qualify.

161F.

(a) At any hearing before the Board provided for in Section 161H of this
article, the Board or any member thereof shall have the power to administer oaths.
In connection with any such hearing, the Board may issue subpoenas to compel the
attendance and testimony of witnesses or the production of documents, either on
the Board's own motion or at the request of any intervenor or party, which
subpoenas shall extend to all parts of the State and shall be issued and signed by
the Director or by any member of the Board. The Board shall have power on
motion after due notice, for good cause, to quash or modify any subpoena on the
ground that such subpoena is unduly burdensome, unreasonable or oppressive.
Subpoenas shall be served personally through the sheriffs office in the city or
county in which service can be made, or by any person [of lawful age]
EIGHTEEN YEARS OF AGE OR MORE.

161M.

(a)(l) Any number of natural persons, not less than five (5), who shall be at
least [twenty-one (21] EIGHTEEN (18) [[YEARS OF AGE]] years of age.
citizens of the United States and bona fide residents of this State, may hereafter
associate as incorporators to establish an association under this article upon the
terms and conditions and subject to the liabilities prescribed herein. The
incorporators shall appoint one of their number as chairman of the incorporators.
The incorporators shall pay in cash to such chairman as subscriptions to free share
accounts of the proposed association, including that part of the original
subscription paid by such chairman, an aggregate amount, not less than one
hundred thousand dollars ($100,000) or such larger amount as may be determined
by the Board to be required in order to conduct a safe and sound operation in the
location of the principal office of the proposed association. The minimum
aggregate amount of free share accounts as required by the Board shall be
maintained at all times by any association incorporated hereunder.