HARRY W. NICE, GOVERNOR. 1281
it, but a bank shall not bid at such a sale a larger amount
than is necessary to satisfy its debts and costs.
Fourth. No real estate acquired in the cases contem-
plated in the second and third subdivisions preceding shall
be held for a longer time than ten years, except when an
extension is granted by the Bank Commissioner. If such
extension be not granted, it must be sold at a private or
public sale within one year thereafter. Nothing in this
section shall be construed as preventing a bank or trust
company from loaning moneys upon real estate security
as provided by law. Nothing in this section shall affect the
title to or holding by any bank or trust company of any real
or leasehold estate now owned by said bank or trust com-
pany, and nothing herein shall affect the rights of banks or
trust companies to purchase and hold land or real or lease-
hold estate as trustee or in other fiduciary capacity.
SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1935.
Approved April 29, 1935.
AN ACT to repeal and re-enact with amendments Sections
1 and 2 of Article 49A of the Code of Public General Laws
of Maryland, 1924 Edition, title "Investments, " as said
sections were repealed and re-enacted with amendments
by Chapter 61 of the Acts of the Special Session of the
General Assembly of 1933, authorizing investments in
securities issued or insured under the provisions of an
Act of Congress approved June 27, 1934, and known as
the "National Housing Act, " and declaring the same to
be an emergency law necessary for the immediate preser-
vation of the public health and safety.
AN ACT to repeal and re-enact with amendments Section
207 of Article 16 of the Code of Public Local Laws of
Maryland (1930 Edition), title "Montgomery County, "
sub-title "County Treasurer, " as said section was amend-
ed by Chapter 541 of the Acts of 1933, relating to pub-
lishing list of delinquent taxpayers.