1520                           LAWS OF MARYLAND                      [CH. 703

of his office, the cost of the bond to be charged as an expense of the
office.] He shall, upon entering the duties of his office, be covered
by surety bonds in accordance with the provisions of Sections 46
through 50 of Article 78A of the Annotated Code of Maryland. He
shall receive in full compensation for his services an annual salary
of $10,000 payable in monthly installments which shall be included
in the budget bill beginning for the fiscal year 1938, and thereafter;
and, until such time, the difference between the amount provided by
the budget bill and his salary as provided in this section shall be
paid from the general treasury of the State out of the funds realized
from the increased examination and other fees as provided for in
Section 24 of this article, as amended. He may be removed by the
Governor for incompetency or misconduct. The Bank Commissioner
shall have and exercise all the rights, powers, duties, obligations
and functions conferred upon him by law.

2. Deputy commissioner and clerk; salaries; bonds.

The Bank Commissioner may appoint and remove a deputy bank
commissioner who shall receive in full compensation for his services
such salary as shall be provided in the State budget. Whenever it
becomes necessary for the Bank Commissioner to take charge of a
failed banking institution, as receiver, as provided for in this article,
he may appoint such clerks as he may deem necessary for the pur-
pose of such receivership, the salaries of such clerks to be paid out
of the funds of the failed banking institution. '[The deputy bank
commissioner and, in the discretion of the State Comptroller, the
employees of the said department shall each annually give corporate
surety bond in such sum as the State Comptroller may prescribe,
with the condition that he faithfully perform the duties and account
for all funds received under color of his position as such deputy
bank commissioner or employee, the cost thereof to be charged as
expense of the office.] The deputy bank commissioner and the em-
ployees of said department will, upon entering the duties of their
office, be covered by surety bonds in accordance with the provisions
of Sections 46 through 50 of Article 78A of the Annotated Code of
Maryland.

Article 19
8. Deputy comptrollers and clerks and assistants.

He may employ clerks, assistants and other help, in such num-
bers and at such salaries as may be provided for by the budget of
appropriations, all of whom shall perform such duties as may be
assigned to them from time to time by the Comptroller. He may
designate one of his clerks or assistants as chief deputy comptrollers
and not exceeding three other clerks and/or assistants as deputy
comptrollers. [Before any person shall act as chief deputy comp-
troller or deputy comptroller, such person shall give a bond to the
State of Maryland, with security or securities approved by the
Governor, in the penalty of $50,000, with condition that he will
truly and faithfully discharge, execute and perform all and singular
the powers and duties of chief deputy comptroller or deputy comp-
troller, as the case may be.] The chief deputy comptroller or each
deputy comptroller shall, upon entering the duties of their respec-
tive offices, be covered by surety bonds in accordance with the pro-
visions of Sections 46 through 50 of Article 78A of the Annotated