ART. 11] BANK COMMISSIONER. 151

He shall not engage in any other business and shall hold office for a
term of two years from the date of his commission and until his suc-
cessor is appointed and has qualified. He shall give bond in the sum of
Twenty Thousand Dollars, to be approved by the Governor for the faith-
ful performance of his duties, the cost of the bond to be charged as an
expense of the office. He shall have his office in the City of Baltimore,
the rent whereof shall be paid out of the receipts of his office. He shall
receive in full compensation for his services an annual salary of three
thousand dollars, payable in monthly installments. He may be removed
by the Governor for incompetency or misconduct.

1910, ch. 219, sec. 2 (p. 7). 1914, ch. 805, sec. 2.

2. The Bank Commissioner may, with the approval of the Governor,
appoint, and with his consent, remove a Deputy Bank Commissioner, at
a salary not exceeding two thousand dollars per annum, and not more
than three clerks or examiners, at salaries not exceeding twelve hundred
dollars per annum each, as the public business in his charge may require.
Whenever it becomes necessary for the Bank Commissioner to take
charge of a failed banking institution, as receiver, as provided in this
article, he may appoint such additional clerks as he may deem necessary
for the purpose of such receivership; the salaries of such clerks to be
paid out of the funds of the failed banking institution. The Deputy
Bank Commissioner and the office clerks shall give bond in such sums
as the Governor and the Bank Commissioner may determine for the
faithful performance of their respective duties, said bonds to be approved
by the Governor and the cost to be charged as expense of the office.

5. Repealed (1914, ch. 805).

1910, ch. 219, sec. 6 (p. 8). 1914, ch. 805, sec. 6.

6. In case of a vacancy in the office of the Bank Commissioner from
any cause, or during the disability or absence of that officer, the Deputy
Commissioner shall perform the duties of that office until his successor
is duly appointed and qualified, or until the removal of such disability
or the absence of the Commissioner.

1910, ch. 219, sec. 7 (p. 8). 1912, ch. 194, sec. 7.

7. The commissioner, deputy commissioner or an examiner appointed
by the commission shall at least once in each year, and whenever he con-
siders it expedient, visit each banking institution in this State, other
than national banks. At such visits he shall in the presence of one of
the officers of the institution, have free access to the vaults, books and
papers, and he shall inspect and examine the affairs of the institution,
to ascertain its condition and see whether it complies with the provisions
of law. Any additional examination other than the annual examination
shall be made at the expense of the banking department.