HARRY HUGHES, Governor                                    4087

Fund Corporation OR HIS AGENT, the
management at First Maryland shall have the
discretion to allow withdrawals from any
account for the purpose of funding HARDSHIP
CASES, construction loans or other real
estate loans under commitments existing on
the date of this Order or for any other
similar purpose, provided that in each
case, in the best judgment of the
[management at First Maryland] FUND
DIRECTOR OR HIS AGENT such HARDSHIP
withdrawals will NOT JEOPARDIZE THE
LIQUIDITY OF THE ASSOCIATION AND THAT OTHER
FUNDING COMMITMENTS WILL protect or enhance
the value of any asset of First Maryland OR
will protect or facilitate the collection
of any loan made by First Maryland or will
otherwise be in the best interest of First
Maryland.

EXECUTIVE ORDER OF OCTOBER 25, 1985

01.01.1985.31

RECISSION OF EXECUTIVE ORDER 01.01.1985.29 -
TEMPORARY CESSATION OF WITHDRAWALS

WHEREAS, Executive Order 01.01.1985.29 issued on October 16,
1985, imposed a cessation of withdrawals of any kind or
nature from any depositor's account at Friendship Savings
and Loan and Chesapeake Savings and Loan of Annapolis; and

WHEREAS, This cessation was requested by these institutions as a
result of the difficulty in achieving passage of legislation
which would allow Chase Manhattan Corporation to acquire
Friendship Savings and Loan, Chesapeake Savings and Loan
Association of Annapolis and Merritt Commercial Savings and
Loan Association;

WHEREAS, On October 22, 1985 the Maryland General Assembly voted
favorably on the required legislation to permit this
acquisition and I have today signed this measure into law;
and

WHEREAS, The welfare of depositors is no longer threatened by an
actual or impending impairment of liquidity;

NOW, THEREFORE, I, HARRY HUGHES, GOVERNOR OF THE STATE OF
MARYLAND, BY VIRTUE OF THE AUTHORITY VESTED IN ME BY THE
CONSTITUTION AND LAWS OF MARYLAND, HEREBY RESCIND EXECUTIVE
ORDER 01.01.1985.29 EFFECTIVE AT 7:00 A.M. ON OCTOBER 28,