Marvin Mandel, Governor                         843

matches or participate therein as contestant, nor shall any person,
club, corporation or association permit any unlicensed person so to
act or participate. Every license shall be subject to such rules and
regulations and amendments thereof as the Commission may pre-
scribe. Every application for a license as herein provided for shall
be in writing and shall be addressed to the Commission, and shall
be under oath. It shall contain a recital of such facts, as, under the
provisions hereof will show the applicant entitled to receive a license,
and in addition thereto such other facts and recitals as the Commis-
sion may by rule require to be shown; provided, however, that before
said Commission shall issue a license for a boxing, sparring or
wrestling match in Montgomery or Prince George's counties, it
must first secure the permission of the county commissioners in the
county in which said match is to be held.

Sec. 3. And be it further enacted by the General Assembly of
Maryland, That Section 27 of Article 11 of the Annotated Code of
Maryland (1957 Edition, 1968 Replacement Volume), title "Banks
and Trust Companies," subtitle "Banking Board," be and it is hereby
repealed and reenacted, with amendments, to read as follows:

27.

There is hereby created and established a Banking Board which
shall be a part of the Department of Licensing and Regulation and
shall consist of three members to be appointed by the Governor, with
the advice of the Secretary of Licensing and Regulation. One member
of said Board shall be a representative of the Baltimore Clearing
House, one a representative of the Associate Mutual Savings Banks
of Baltimore and one a representative of the Maryland State Bankers'
Association. Each of these organizations shall submit the names of
three men qualified for the responsibility imposed upon them by this
subtitle 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, with the advice of the
Secretary of Licensing and Regulation, 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 Comptroller. The Comptroller shall be a member of
said Board ex officio.

Said Banking Board shall be subject to the call of the Bank Com-
missioner, 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 ad-
visory, to assist the Bank Commissioner with sound and impartial
guidance as additional protection in maintaining the business of
banking and banking institutions throughout the State in such man-
ner as will give the fullest possible protection to the interests of de-
positors and stockholders in the banking institutions of the State.