468 LAWS OF MARYLAND. [CH. 268
missioner 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.
7. The Commissioner, Deputy Commissioner, or an Ex-
aminer appointed by the Commissioner shall at least twice in
each year, and whenever he considers 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.
SEC. 2. And be it further enacted, That Section Eleven (11)
of Article 11 of the Annotated Code of Maryland, title "Banks
and Trust Companies," sub-title "Bank Commissioner." be
and the same is hereby repealed and re-enacted with amend-
ments, so as to read as follows:
11. Any officer, director, trustee, agent, clerk or employee,
who wilfully and knowingly violates any of the provisions of
the law governing or regulating the institutions mentioned in
this Article, shall be deemed guilty of a misdemeanor, and if
found guilty shall be fined not more than one thousand dollars
or be imprisoned for not more than three years, or both.
SEC. 3. And be it further enacted, That Section 16 of Arti-
cle 11 of the Annotated Code of Maryland, title "Banks and
Trust Companies," sub-title "Bank Commissioner'' be and
the same is hereby repealed and re-enacted with amendments,
so as to read as follows:
16. The examination of banking institutions by the Bank
Commissioner shall be paid for by such institutions at the
following rate for the semi-annual examination: A charge of
twenty-five dollars ($25.00) for each examination shall be
made in all cases, to which shall be added, after first deducting
the sum of twenty-five thousand dollars ($25,000.00) from the
total assets of the institution so examined, two cents (2c) per
thousand of such remaining total assets up to ten million dol-
lars, one cent (1c) per thousand from ten million dollars up to
twenty-five million dollars of such assets, and one-half cent
(1/2c) per thousand from twenty-five million dollars to what-
ever amount of such assets the institution examined may have.
When it becomes necessary for the Bank Commissioner to ex-
|
|