ALBERT C. RITCHIE, GOVERNOR. 467

title "Banks and Trust Companies," sub-title "Bank
Commissioner," as said sections were amended by Chap-
ter 33 of the Acts of the General Assembly of Maryland
of 1918, so as to increase the number of clerks or exam-
iners, and to provide for two examinations of banking
institutions each year; and to repeal and re-enact with
amendments Section Eleven (11) of said Article; and to
repeal and re-enact with amendments Section 16 of said
Article so as to provide for a new schedule of rates to be
charged for the examination of banking institutions; and
to repeal and re-enact with amendments Section 20 of said
Article so as to increase the minimum amount of capital
stock for proposed banks, and so as to provide for branch
banks; and to repeal and re-enact with amendments Sec-
tions 42 and 51 of Article 11, title "Banks and Trust
Companies," sub-title "Trust Companies," so as to pro-
vide for the establishment of branches by trust com-
panies ; and to repeal and re-enact with amendments sub-
section 9 of Section 46 of said Article as said sub-section
was amended by Chapter 33 of the Acts of the General
Assembly of Maryland of 1918 so as to confer banking
powers upon trust companies.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 2 and 7 of Article 11 of the Annotated
Code of Maryland, title "Banks and Trust Companies," sub-
title '' Bank Commissioner,'' as said sections were amended by
Chapter 33 of the Acts of the General Assembly of Maryland
of 1918, be and the same are hereby repealed and re-enacted
with amendments, so as to read as follows:

2. The Bank Commissioner may, with the approval of the
Governor, appoint, and with his consent, remove a Deputy
Bank Commissioner, and not more than eight clerks or ex-
aminers, at salaries within the limits of the amounts appro-
priated therefor in the Budget Bill, 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 Com-