HARRY W. NICE/GOVERNOR. 1035

sponsibility imposed upon them by this Act and the Gov-
ernor shall select one name from each of said lists to serve
on said Board.

One member of such Board shall be designated by the
Governor to serve until June 1st, 1937, one member until
June 1st, 1939 and one member until June 1st, 1941, and
after said several dates each member appointed shall serve
for a term of six years or until his successor has been ap-
pointed and qualified. In case of vacancy in the Board f or
any reason, the Governor shall appoint a member for the
remainder of the unexpired term. The members of the
Banking Board shall receive no salary for their services
as such, but their expenses incurred in attending meetings
shall be paid out of the State Treasury on certificate of the
Bank Commissioner and upon warrants of the Comptroller
the Comptroller shall be a member of said Board ex-officio.

Said Banking Board shall be subject to the call of the
Bank Commissioner, to confer and consult with the Bank
Commissioner in any matter concerning the business of
banking or banking institutions in the State of Maryland
upon which the Bank Commissioner requests their advice
and counsel. The Board's functions shall be purely advis-
ory, to assist the Bank Commissioner with sound and im-
partial guidance as additional protection in maintaining
the business of banking and banking institutions through-
out the State in such manner as will give the fullest possi-
ble protection to the interests of depositors and stockhold-
ers in the banking institutions of the State.

The members of said Banking Board shall take the oath
and be bound by the provisions of Section 414 of this Ar-
ticle as to all facts and information obtained by them in
the performance of their official duties, or in connection
with any confidential reports submitted to them by the
Bank Commissioner.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1935.

Approved April 25, 1935.

CHAPTER 490.

AN ACT to repeal and re-enact, with amendments, Section
1 of Article 11 of the Annotated Code of Maryland (1924
Edition), title "Banks & Trust Companies, " sub-title
"Bank Commissioners, " as said section was amended by