750                         LAWS OF MARYLAND.                  [CH. 294

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 Gov-
ernor 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 such annual salary payable
in monthly installments as may be appropriated therefor in
the Budget Bill. He may be removed by the Governor for in-
competency or misconduct. The Bank Commissioner, under
the supervision and directions of the Comptroller, shall have
and exercise all the rights, powers, duties, obligations and
functions conferred upon him by law.                       *

2. The Bank Commissioner may, with the approval of the
Governor, appoint, and with his consent, remove a Deputy Bank
Commissioner, and such other additional examiners or clerks at
salaries within the limits of the amounts appropriated therefor
in the Budget Bill, as the public business in his charge may re-
quire. Whenever it becomes necessary for the Bank Commis-
sioner 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 receiv-
ership; the salaries of such clerks to be paid out of the funds of
the failed banking institution. The Deputy Bank Commission-
er and the office clerks shall give bond in such sums as the Gov-
ernor and the Bank Commissioner may determine for the faith-
ful performance of their respective duties, said bonds to be
-approved by the Governor and the cost to be charged as ex-
pense of the office.

9. Whenever it shall appear to the Bank Commissioner upon
examination, that any institution to which this Article is ap-
plicable, is conducting its business in an unsafe, or unauthor-
ized manner, or in conflict with this Article, or if any such
institution shall refuse to submit its books, papers and con-
cerns to the examination of the Bank Commissioner, or if any
such institution shall neglect or refuse to observe an order of
the Bank Commissioner as specified in Section 8 of this Ar-
ticle, the Bank Commissioner may, with the written consent
of the Governor and Attorney General obtained prior thereto
forthwith take possession of the property and business of such
institution and retain possession until such institution shall