WM. PRESTON LANE, JR., GOVERNOR. 483

diate preservation of the public health and safety, and having
been passed by a yea and nay vote, supported by three-fifths
of all the members elected to each of the two Houses of the
General Assembly of Maryland, the same shall take effect from
the date of its passage.

Approved April 2, 1947.

CHAPTER 300.
(House Bill 325)

AN ACT to repeal and re-enact, with amendments, Section 2
of Article 11 of the Annotated Code of Maryland (1939
Edition), title "Banks and Trust Companies", sub-title
"Bank Commissioner", as said section was amended by Chap-
ter 959 of the Acts of 1945, relating to the compensation of
the Deputy Bank Commissioner.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 2 of Article 11 of the Annotated Code of
Maryland (1939 Edition), title "Banks and Trust Companies",
sub-title "Bank Commissioner", as said section was amended
by Chapter 959 of the Acts of 1945, be and it is hereby repealed
and re-enacted, with amendments, to read as follows:

2. The Bank Commissioner may appoint and remove a
Deputy Bank Commissioner who shall receive in full com-
pensation for his services such salary as shall be provided in
the State Budget. Whenever it becomes necessary for the
Bank Commissioner to take charge of a failed banking in-
stitution, 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, in the discretion of the
State Comptroller, the employees of the said Department
shall each annually give corporate surety bond in such sum
as the State Comptroller may prescribe, with condition that
he faithfully perform the duties and account for all funds
received under color of his position as such Deputy Bank
Commissioner or employee, the cost thereof to be charged as
an expense of the office.

SEC. 2. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-