SPIRO T. AGNEW, Governor                        1519

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 1 of Article 11 of the Annotated Code of Maryland
(1966 Supplement); Section 2 of Article 11 of the Annotated Code
of Maryland (1957 Edition); Sections 8 and 29 of Article 19 of
the Annotated Code of Maryland (1966 Replacement Volume); sub-
section (b) of Section 161G and subsection (d) of Section 161-I
of Article 23 of the Annotated Code of Maryland (1966 Replace-
ment Volume); Sections 138 and 192 of Article 41 of the Annotated
Code of Maryland (1965 Replacement Volume); subsection (c) of
Section 371 of Article 41 of the Annotated Code of Maryland (1966
Supplement); Sections 121, 259, 291, 314, 370, 511, 517 and 541 of
Article 43 of the Annotated Code of Maryland (1965 Replacement
Volume); Section 10, subsection (c) of Section 58 and Section 179
of Article 48 of the Annotated Code of Maryland (1965 Replace-
ment Volume); subsection (2) of Section 15 and subsection (2) of
Section 16 of Article 48A of the Annotated Code of Maryland (1964
Replacement Volume); Section 11 of Article 54 of the Annotated
Code of Maryland (1964 Replacement Volume); Section 109 of
Article 56 of the Annotated Code of Maryland (1964 Replacement
Volume); subsection (c) of Section 214 and subsection (a) of Sec-
tion 252 of Article 56 of the Annotated Code of Maryland (1966
Supplement); subsection (i) of Section 3 of Article 62B of the
Annotated Code of Maryland (1964 Replacement Volume); Section
5 of Article 66½ of the Annotated Code of Maryland (1966 Supple-
ment); Section 10 of Article 66A of the Annotated Code of Mary-
land (1957 Edition); subsection (a) of Section 129 of Article 66C
of the Annotated Code of Maryland (1966 Supplement); subsection
(d) of Section 46 of Article 73B of the Annotated Code of Maryland
(1966 Supplement); Section 9 of Article 75½ of the Annotated
Code of Maryland (1965 Replacement Volume); Section 3 of Article
78B of the Annotated Code of Maryland (1965 Replacement Volume);
Sections 7 and 14 of Article 95 of the Annotated Code of Maryland
(1964 Replacement Volume); subsection (d) of Section 73 of Article
97 of the Annotated Code of Maryland (1964 Replacement Volume),
be and they are hereby repealed and re-enacted with amendments
to read as follows:

Article 11

1. Appointment; qualification; term; bond; salary; removal;
powers; and duties generally.

There shall be a Bank Commissioner for the State who shall be
assigned to the division of financial review and control. He shall be
appointed by the Governor, and shall not be an officer or director in
any bank, State or national, savings institution or trust company. He
shall not engage in any other business relating to banks and finan-
cial institution and shall hold office for a term of four years from
the first Monday of May succeeding his appointment, and until his
successor is appointed and has qualified; provided, however, that
the term of the Bank Commissioner now in office shall expire on
June 1, 1949, and on said date the Governor shall appoint a Bank
Commissioner for a term ending on the first Monday of May, 1951,
and thereafter appointments shall be for terms of four years. [He
shall, before he acts as such and each year thereafter, give a cor-
porate surety bond in the sum of $20,000 or such additional sum
as the Comptroller may prescribe, with condition that he faithfully
perform his duties and account for all funds received under color