676 LAWS OF MARYLAND. [CH. 305

Code of Maryland (1935 Supplement), title "Banks and
Trust Companies", sub-title "Banking Board", be and the
same is hereby repealed and re-enacted, with amendments,
to read as follows:

19A. There is hereby created and established a Bank-
ing Board which shall consist of three members to be
appointed by the Governor. One member of said Board
shall be a representative of the Baltimore Clearing House,
one a representative of the Associated Mutual Savings
Banks of Baltimore and one a representative of the Mary-
land State Bankers' Association. Each of these organiza-
tions shall submit the names of three men qualified for
the responsibility imposed upon them by this section and
the Governor 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 1, 1937, one member until
June 1, 1939, and one member until June 1, 1941, and
after said several dates each member appointed shall serve
for a term of six years or until his successor has been
appointed and qualified. In case of vacancy in the Board
for 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 Comp-
troller. 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
advisory, to assist the Bank Commissioner with sound and
impartial 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 pos-
sible protection to the interests of depositors and stock-
holders 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 14 of this
Article 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.