PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 1485

hereby repealed and re-enacted, with amendments, and to read
as follows:

SECTION 1. There shall be a Bank Commissioner for the State
appointed by the Board of Public Works, who shall not be an
officer or director in any Bank, State or National, Savings Insti-
tution or Trust Company. 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 successor is appointed and
has qualified. He shall give bond in the sum of Twenty Thous-
and Dollars, to be approved by the Governor, for the faithful
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 serv-
ices an anual salary of three thousand dollars, payable in monthly
installments. He may be removed by the Governor for incom-
petency or misconduct.

SEC. 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.

SEC. 6. In case of a vacancy in the office of the Bank Com-
missioner 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.

SEC. 14. The Bank Commissioner, his deputy, attorney and
every clerk or examiner in his department shall be bound by
oath to keep secret all the facts and information obtained in