ART. 4.] CITY OF BALTIMORE. 593

except for the compensation, and upon the terms and condi-
tions, and to the grantee or grantees approved by a vote or
resolution of the said board, entered on the minutes or records
of the said board, and attached to the ordinance granting the
franchise or right to the grantee or grantees, approved by the
said board, with the signatures of a majority of the said board
signed to the same.

SEC. 2. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved March 30, 1908.

CHAPTER 515.

AN ACT to repeal and re-enact with amendments section 41
of article 4, entitled "City of Baltimore," of the Code of Pub-
lic Local Laws of Maryland, relating to the Commissioners of
Finance.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That section 41 of article 4, entitled "City of Baltimore,"
of the Code of Public Local Laws of Maryland, be and the
same is hereby repealed and re-enacted with amendments, so as
to read as follows:

41. The Commissioners of Finance shall be the head of the
fourth sub-department of finance, and shall be a board com-
posed of the Mayor, Comptroller, Register and two persons ap-
pointed by the Mayor in the mode prescribed in section 25 of
this article, and who shall hold their offices as therein pro-
vided. Both of said two last-named persons shall serve with-
out pay. The Mayor and Register shall sign all obligations of
the city and all city stock. One of the persons appointed by
the Mayor as aforesaid and so designated, shall be president of
said board. The Deputy Register shall act as clerk to said
board and keep the accounts and a record of preceedings of said
board, and for such service, in addition to the salary of said
Deputy Register, herein provided, he shall be paid a salary of
five hundred dollars per annum, payable monthly. This board,
from the institutions chartered by the United States or the
State of Maryland, having authority under their charters to re-
ceive and hold money on deposit, shall select, from time to time,
such depository or depositories for the funds of the city as to it
may seem proper. It shall authorize all temporary loans to be
made not inconsistent with this article. It shall have charge,
control and custody of all sinking funds of the Mayor and City
Council of Baltimore, and shall perform such other duties as