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Session Laws, 1955
Volume 620, Page 309   View pdf image (33K)
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THEODORE R. McKELDIN, GOVERNOR                     309

attorney who shall serve at the pleasure of the State's attorney at
an annual compensation of $1200., and who shall have all the legal
powers to represent the State before grand juries and in the trial
of criminal proceedings as does the State's attorney.

SEC. 2. And be it further enacted, That this Act shall take effect
January 1, 1956.

Approved April 1, 1955.

CHAPTER 216
(Senate Bill 398)

AN ACT to repeal and re-enact, with amendments, Section 24 of
Article 11 of the Annotated Code of Maryland (1951 Edition),
title "Banks and Trust Companies", sub-title "Bank Commis-
sioner", relating to the rate of pay for semi-annual bank examina-
tion by the Banking Commissioner.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 24 of Article 11 of the Annotated Code of Maryland
(1951 Edition), title "Banks and Trust Companies", sub-title "Bank
Commissioner", be and it is hereby repealed and re-enacted, with
amendments, and to read as follows:

24. The examination of banking institutions by the Bank Com-
missioner shall be paid for by such institutions at the following
rate for the semi-annual examination: A charge of [Thirty-five
Dollars ($35.00)] Fifty Dollars $50.00 for each examination shall
be made in all cases, to which shall be added, after first deducting
the sum of [Twenty-five Thousand Dollars ($25,000.00)] Fifty
Thousand Dollars ($50,000.00)
from the total assets of the institu-
tion so examined, [three cents (3c)] four cents (4c) per thousand
of such remaining total assets the institution examined may have.
When it becomes necessary for the Bank Commissioner to extend
his examination beyond the principal office or building, he shall be
paid in addition therefor in each case fees at the above rates, except
in such cases where further examination is made in the same town
or city, when he shall be paid a per diem fee of not more than
[$15.00] $25.00 for each examiner; when such institutions require
a special or unusual examination by the Bank Commissioner, he
may be paid a per diem fee of $5.00 where it is necessary for him
to count securities beyond the principal office or building. The Bank
Commissioner shall collect the amounts named from the institution
examined and pay the same to the State Treasurer, and he shall
draw, on proper orders, from the State Treasury, the amount
necessary for the salaries and other expenses of his office.

SEC. 2. And be it further enacted, That this Act shall take effect
June 1, 1955.

Approved April 1, 1955.

EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.

 

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Session Laws, 1955
Volume 620, Page 309   View pdf image (33K)
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