both thlo pnoedirrg l lmlnlstr otlou o? tlm Attommy Qeaoraltm oiilo* have l xp r800e& the opinion that

ue l dhon #a ilw thet1l.n laotrumuto ta8B Batlbrali Eonk o l re not mbjoot Thio ononro to the hxi ur noond gonotton, o wall a0 your ilrot, lnoof8r o8 .~

[*] ’ *3 . .

BOB. 1L. eoooett, w E

Artiol..49d, 8arlo.d clrll Btatutao, aa omndod ln 1957, roads aa follows:

'@All l orporatlmo onakd mder this tltlo l rw hereby deolared k l ho r6ed rlth tho pabllo OH, and shall k under &a* Ocintrol and be oubjeot to ooah le&lolatlon as the Legislatora my amaot ior tho goworn- re lotion of l uoh banklag inotltntlono lm thlo y&and . Sue i? eorporotlono shall be doemod to bo hutru- mntalltleo and l geno1.o of theStab Government rad l heU,bo ohorged with 4ool&mated duty, when lowfull tlaeroto, to aot 80 (ropooltorioo for tho pub1 o I funds of thl8 &at., ad of any couBt , niullalpallt~, citr, Toua Of St w O? vilbt50, -bdiT L iOIl Within th. 8tot0, in l o o otbao o with th e lows of thla Btata gootornl~ dopea- itorioo Of prbllo fada ~01 l iotlng horoaftor to furthor l herged

@#sit for tho,State Tam ot fllloga, or my oabdlrlo~on apoli rtqrust l o to do sad mpm roam- able oompeaoatlon therotur. Tha.rlghto prltllogeo aad

oaoro ooatomd by the termo oi this dt.1. %o corpora- lams taklmg idrontoga therwt or lnoorporot t hereuuaer ore to ba hold l ubJaot to the r&&W of the Lag aldaro, 9 ta omad, altar or reform the me* hory oorpormtl~ oporatln& a bonkla& buo~oo &m Toxoo uudor a aborter ithorlsod tblo &ate prior to the doptlon of Conmtltutlon 1676, ohall ba abJoot to oil the pro- A8 l mndd Aoto 1937, 45th t~oiono a thl8 title.

3.06.. p. 409, oh. ?A%, 8 1.”

fa 08Baootlon with the dutk8 of State EonLo aa dopooltorloo for Mot0 and tor oltleo wo 0100 r8trr to hrtiole SSt, tS5, and -59 to P.566, Rovbed Olrll Statutes, It ray h aonooded uoh bqmko we ogenoieo instruman- tolltleo of tho mad ln mopoat to the aoto mentionad la Btate, tatutoo retmrred to lmaodlakly aboto are otlag mmh. Uo eonnot l o o odo to ths view that 8uoh thidgo~ their awry aot king on0 whloh l o r rieo out a 6OVOrMOXh1 pur-

08 as xproooed in the &to of the faglol~ture. Olaarly, E a Logiolatoru did not lntond to make a blanket xomptlon Of 8n liia instrument8 takoa agenotes and iaatrumental- iti** of ttio stute. Ontha other hand, it10 plda thatlt woo intended to exempt onlJ those lnotnmonto token br ouoh agenaiao In oarrylng out m ~vernmental 9ur~ooe as exmeooed

Bon. e. aooortt,~Pago 4 $I! oome AOt ot th8 kR~OIOt?UOL Othwwios, tho ~norrtion ia toxin6 statute of the words Just above underoooroh would hwe bean worse t&n uoml~oo. To k entitled to thr l oiuptlon, on lnotmamont tOkm by 0 Mot. Bunk moot be in oarr lag out a ~ormontnl urpooe xprooood In an Aot of tha lo 6i8lOttuO. 10 hare ken looaoolry thaw 8toto Ronko rhloh l r o not mom- i

kro of the Joderol Rooenr Syotra.

On Rwe8ber tl, 1936, Itan. 2. Ii. Rromdhurot, thon tJonero1, ddrooood to Iion. Charlie Look- ~Aoolotnnt Attorney purpo00 00 l spno o od In 0om0 hot l ar ryiw out 0 &0o r o r cuao~tal Of UOa@808 o r oi ~giOlOttU0.

Wo bellera the oboe ab8kntlell moworo tho slrot tour ot 7our queotlono. Wo hoto not l tteq I edto umwer flrth qtuotion, *in00 it ooouro to 01 thm quaotlon 08 .to whether thr moordotlon at UI unotnm)od ta+ablr lnotrumant would l onotltu~ oonOtruotfro notion, lo a prit880 onb.

Terr truly voaro