Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1920-06-25
CHAPTER 26s.

AN ACT to repeal and reenact with amendments Sections
and of Article II of the Annotated Code of Maryland
title Banks and Trust Companies subtitle - Bank
Commissioner said sections were amended by Chap-
fer 3 of the Acts of the General Assembly of Maryland
of 1918 increase the number OF clerks or exam
iners and provide for two examinations OF banking
institutions each year and to repeal and re-enac with
amendments Section Eleven 11 OF said Articles and TO
repeal and with amendments Section Ito OF SAID
Article so provide for schedule OF rates to be
charged for the examination of banking Institutions and
to repeal and with amendments Section 20 OF said
Article so to increase the minimum amount OF capital
stock for proposed banks and so provide for branch
banks and repeal and reenact with amendments See
tons AZ and 81 of Article IL, title Banks and Trust
Companies " subtitle 'sTrust Companies, so as to pro
vide for the establishment OF branches by trust com
panes and to repeal and re-enac with amendments sub
section of Section 46 of said Article as said subsection
amended by Chapter 80 of the Acts OF the General
Assembly of Maryland of 1918 as to confer banking
powers upon trust companies.
SECTION l. Be 1t enacted By The General Assembly Of Mary
and That Sections and of Article II of the Annotated
code of Maryland title Banks and Trust Companies SUD
tile Commissioner said sections were amended by
Chapter 33 of the Acts of the General Assembly OF Maryland
If 1918 be and hereby repealed and reenacted
With amendments so to read as follows:
2 The Bank Commissioner may, with the approval OF the
Governor appoint and with his consent remove Deputy
Bank Commissioner and not than eight clerks or ex
miners at salaries within the limits of the amounts appro
ated therefor the Budget Bill the public business In
his charge may require Whenever it becomes necessary for
the Bank Commissioner to take charge OF Ialled Drinking
institution as receiver provided in this Article he may
appont such additional clerks he deem necessary Tor
he purpose of such recvep the salaries OF such clerks
be paid the funds Of the failed banking institution
The Deputy Bank Commissioner and the office clerks snail
rive bond in such the Governor and the Bank Com
missioner NAV determine the faithful performance OF their
respective Duties said bonds to be approved by the Governor
and the cost to be charged expense OF the Office
Z The Commissioner Deputy Commissioner, or an Ex-
mner appointed by Commissioner shall at least twice IN
each wear and whenever he considers expedent visit each
banking institution this State other than National Banks
AT such visits shall in the presence OF one OF the officers OF
The institution free to the vaults books and papers,
and he shall inspect examine the affairs Of the institution
to ascertain its condition whether complies with the
provisions of law.
SEC 2 And be 1t further enacted That Section Eleven I'D
If Article IL of the Code of Maryland title Banks
and Trust Companies subtitle Bank Commissioner, be
and the same hereby repealed and reenaced with amend
ments so as to read as follows
IL Any officer director trustee agent clerk or employee
who wfuy knowingly violates any of the provisions OF
the law governing regulating the institutions mentioned IN
this Article shall be deemed guilty of msdemeanor and II
found guilty shall be fined than thousand dollars