1044 LAWS OF MARYLAND.. [CH. 497

Bank Commissioner, Deputy Bank Commissioner or Sen-
ior Examiner, as Receiver for any banking institution.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 9A of Article 11 of the Annotated
Code of Maryland (1924 Edition), title "Banks and Trust
Companies, " sub-title "Bank Commissioner, " as said sec-
tion was amended by Chapter 107 of the Acts of the Ex-
traordinary Session of 1933, be and it is hereby repealed
and re-enacted, with amendments, to read as follows:

9A. All monies coming into the hands of the Bank Com-
missioner, the Deputy Bank Commissioner or a Senior Ex-
aminer in their capacity as receiver, as the case may be, for
any banking institution (acting under the provisions of
Section 9 and under Section 61 of this Article) shall be
deposited by them to their credit as receiver of such bank-
ing institution, in such bank, banks or trust companies as
they may from time to time select. For the safekeeping
and forthcoming, when required, of said deposits, the depos-
itory bank, banks or trust companies shall be required to
deposit with the Bank Commissioner, the Deputy Bank Com-
missioner or a Senior Examiner, Federal Government secu-
rities and those issued under the authority of the Federal
Government, State of Maryland Bonds or any county or
municipality thereof and Baltimore City Stock, in lieu of a
surety bond, as security for said deposits. Such securities
shall be accepted at not more than par, or market value if
selling at less than par, and shall at all times be equal to the
amount of funds deposited by the Receiver in said bank,
banks or trust companies.

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

Approved April 25, 1935.

CHAPTER 497

AN ACT to repeal and re-enact, with amendments, Section
9B of Article 11 of the Annotated Code of Maryland, title
"Banks and Trust Companies, " sub-title "Bank Commis-
sioner, " as said section was enacted by Chapter 529 of the
Acts of 1933, relating to reports by the Bank Commis-
sioner when acting as Receiver of any banking insti-
tution.