50 LAWS OF MARYLAND. [CH. 29

ment for not less than thirty days, nor more than six months,
or both, in the discretion of the Court, for each and every such
offense.

(b) Upon the taking effect of this Act, Section 1 of Article
11 of the Annotated Code, title "Banks and Trust Companies, "
sub-title "Bank Commissioner, " shall be and the same hereby
is repealed and re-enacted, with amendments, so as to read as
follows:

1. There shall be a Bank Commissioner for the State who
shall be assigned to the Division of Financial Review and
Control. He shall be appointed by the Governor, and shall
not be an officer or director in any bank, State or National, sav-
ings institution or trust company. He shall not engage in any
other business and shall hold office for a term of four years from
the first Monday of May succeeding his appointment, and until
his successor is appointed and has qualified, except that the
Bank Commissioner first appointed under this Act shall be
appointed on the day the Act takes effect, on which date his
term shall begin, and hold office until the first Monday of May,
1924, and until his successor shall be appointed and qualify.
He shall give bond in the sum of $20, 000, 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 services an annual salary of $3, 600,
payable in monthly installments. He may be removed by the
Governor for incompetency or misconduct. The Bank Com-
missioner, under the supervision and direction of the Comp-
troller, shall have and exercise all the rights, powers, duties,
obligations and functions conferred upon him by law.

(c) Upon the taking effect of this Act, Section 175 of
Article 23 of the Annotated Code, title "Corporations, " sub-
title "Insurance Department, " shall be and the same hereby
is repealed and re-enacted, with amendments, so as to read as
follows:

175. There shall be a department to be known as the State
Insurance Department, which shall be assigned to the Division
of Financial Review and Control, and which shall be charged,
subject, to the supervision and direction of the Comptroller,
with the execution of the laws of the State in relation to insur-