The Republican., 1962-10-04

CrtiOr OF tiif names 81 UlP ~ PERSONS
qmaiifed as herein set forth and comfe-
tent in the opinion Of The Board to fcr'
form the duties and functions Of the D.
rector Thereafter the Board shall Sub
init 10 the G01erH0r SHCh a list not less
than thirty (30) days before the date Of
the expiration Of the term Of GPf0nt-
DicHt of the Director. or, ~ The case of
YacdHcy, goithm fifteen (f5J days Of the
occurrence of SAID Tdcancy.
(3) The Board shall haze fiW P0tpe'
IL adviSe aud make recommendations
TO the Director on all and any questions
7eltam the SCOPE Of authority Of the
Director,
(iiJ submit to the Goveruor proposed
amendments to the building, SavtlgS and
loan association iascS Of Maryland gehich
ii deemS desiraJle;
(iD establish methods aud standards
N TO be used in making examinations
of associations ~ for the 7dlndtioH Of
assets Of associations and 81 Tor dd1fr-
tiSing and fr0mOii0Hal GctiVfeS by as
SOcati0nS.
(is) to make adoft. modify and amend
such rules and regulations as may 5e
reasonable and necessary to carry out
the Professions of this ArticIe, and to de-
fine any terms used therein as they may
relate to or affect associations.
II DiSqndiifcdfiOnS. 4 member Of the
Board ha11hg any interest ~ or CoHnec'
ti9h 'cIh an ASSOCIATION as SHdyfholdft, =,
drecf0r, moHgagor' attorney or ofNff'oSe
%SaH nor PASS any 0yder {" SH III any
nearing d1fd"9 Shch aSSooiatloH'
IN Quorum. 4 majority Of the mem
bfrs Of the Board shall constitute a
quorum for the holding Of meetings and
hearings, bm no action shall be taken IN
the name of the Board scitlOm the con
eh'tfH'e OF az 'edSt 10" ~ "f"'0efS W
GtfL"",Is f,,,c c,,,no,.,,~
IoIf; " HS; 80 bf,CEN1o.
ga Fo''fr 10 admM'Hf5 dnd tSSng'
M any nearing ofIoye ue boatd f'0Vid-
ca ca IP ~ of'floN loIlI P tt'S -f'l'sTi .tHii
Mt DIUd 4" aHy "fNoft "'ftfoi "J.
maze me p0'cfr 70 ddMhiSter 0dtHS' ~
connection !'"H any S"H" "fu'"g' Ht
boa'd may NShe ShoPofHdS 70 eo"lPel "f
dHfHddhse ana tfSiWopy oJ '''HeSSfS oI
ne podGel'oH V ao' ""IfHls' f"'HI y.
ne boafa o'oh morton or az We reqhft
ot any UfGFfhof or parry ''hieh sup
fcof,'aS Sga" etifHd 70 a" fS'ts p Ie
Stdte s, ana "'aH of 'SSHfd dld Sl9iea Gy
mf " BVfeI%g @ oy uHy "f"iO'. ~ "'e
bodtd' ne Do"d WdH H@'f PG''T on
motion Gffer dhf n9t'ce, i0r g9od cause,
to qhdM or m0dJy any Sh0foend on
me ground ndt ShcA S"oPofHd Is M
guy oH'dcnSoh1f, "'LfGSgnaO'e 'is1, y. % op'
PeSJ,sf, PT onofotHaS ia Iaii of sfr.fa re-, h,
l.
eny " county l" "n's" StIo.tf Gun 0s
"ade, {" o{ any petSOh oJ '"ttJm age.
tO FatH'f 70 eomPiy. ~ ff'syn
hPoH yVioM S"oI'oe"a "as oftH y'oPGg
Se,Vfd IaHS 70 ooey "S eo"','dna, ""n-
omt t. tfaSoH"gIf eH"Sf, or PJSoN i"
d'tehdaAef GfJ"t me pcutH S"q.' ', cum,
oM feasonaG!e Cause ffJ"Sf 70 oe S,'0rh
Hoanoe d oooF {" p"Pft "hfH U UufIeH pJ 70
40 So PjfSnam @ 10 ShoPoftHa, i"e poa,a "a
may ana "nom reqheT 9I any 1ariy 10
To'fed"lgS .0fJ0f He b0uta, "0n up
Py 70 any I"Ige " "lf y "FI t".t . Dt''M
q puH"loIe my " y E'9 '"tn1 'o"t
a. UHy t0I"-y' "Io5s F.0'5 ~ y, uy'uuYu ~
"t !u'', y" IL ~ ~ 20, @ ~ '',o.t @
tilnW H0I 'eS5 naI l'o0 - Hof moIf
.H"'1 EYs n 49, uu'''.''y s"e' Ft,sy's
90 20 S"oU ea"'e 0flone aIf J"Ggt 'o"o "'aGe .
He "ao, " any ota@ {nHge m5
Su1'e @ oeHoE ~ '"eHu, "Ity ne Saoniu ..
"Ol oe GGJ"Gytd g"Hy ~ '0,HfHI'
ahI hG PnH'S"ea af toHlg"'Pis at . pnnhh.
oG't oy 'on1ts y tt'"a, "Fgm l,IF 'ta"'n 't',''
q Sn'H pde', "e j"age' oeJo't N!o"
Ir .L,U "'a.Ir S,a' nS"f on -" , u "fn"g, a,,
S%'u,' % t"g"'."f "tuT 0G'" s"'n It'SV'
Gnd sneh ffrso,n shay 6f gre" az Or.
Io5"!ty 70 q 5t"u ~ IN ny on,a as5'1Gr .G,.
and u the Judge ShdI determine thaf
SIG" Pt'N0" "u9 'fJ H'tu' 'N"'o"' IsN'o"
a0Ic cause or ic9al excuse 10 '. ot ~
amWed or 10 a"StVeI 'egI ~ ttIt.tls
qheaion' or 10 PoaMf ooof' Pap5, 0
oIHfr Go' 'h"fhtS ""'! .tsL nt ~ f,,g Wgetf .h,
10 P9d"ef' ne Way j"t'.p.'" """ '"s
0TeNder ~ e0'HfmP OF court A.. ...,
~ NfqhWeg 70 lfst'Jyi H0 PettaU,' t,,,
MaI oe excused from teStp yHg W poM
producing any oooFs % EuIFs, p.J
mf"HS az any "ed'lng oeIG,t Te Po%J' P'
acNfh 9'dfrfd 10 40 SO ~ .i, tHs po"u,
"poH He ,g'9H"H Hu' "ue ~ ~test."ony ~
e0'den'e' o2oFS' fdpetS " do' , n"le,.s
9Hred 0J mn May l'Hd 70 "e'lNHuie 3D.tui.
nm or SHbjeet MN to ffnGfIy or fofJfI-
Wei o." no fftSoH Sa' ot PtoseI "'Fu,
PhiShea or SHoJectfd 10 any PeHany %
1o'JfHlUe u" or on a''Gh't y uNy ut',
rGnSaqi0N; mafter " H"tg con- "Ayty
7pticl ne "aH' hhdf, ogfH, "aVf' oy GGfJ
o. tne boa'd, Iestsa 10 0 ,h.,to p1H",.r 4ro
dGGhniejta'y fVlaeh'e 'eIatavf i'.fJfto, Fo'
VIded, ho'0f9ff' no person Slai' oe "a
ee"ift from PROSECUTION tniesS ne @haH
NrT maze GSNe''ed us 'o'il,"J '"'"' 1 .y".S
ana PiVHcgfSi ana PfoVided; m0iSfVr' .,
thar no person so teSiJyltg S'g.i G.. ot r. r.,
e"'Pl J'0D' P0See "''o" ~ L''.9, H.;
any perjury commute" W nun " "'S
testimony .,,--,,r,,r avn 11Drc
1919; DEFAFl ME"4 AND DlAE0
Ohi hirut,;.,,,,.. 1t,o;,.,,.rt QUAIL
tal ESlao'ST"f'H, !, APEg,"'Is.h, V"'''
tcat,onS ana ! enhte' ne DePd1ti"fH 1t
P bHHdlhg' oaVlngS Gha A9IH T1 iSsg' iJ 'a
fionS IS hf'eoy eSlaonSled' ne heaa u
ne DePaFtMeH' "Hi getit'G, pope's ~
daDihtHfation' Shait oe ne ~ DHeelo, "'s9
ha" oe dPPoi"tfa Gy H'f ,oS5 l9ge'm"a , ~ ck
me WT ddy OF ymy, IYoi, ana eGeH
Sifh totH( year MeIegItr JJ0m tHe HS. 49,
ot ne ~ PERSONS Sho"Htea 10 M1E h1M oy
Me b0nd P"S"gH 20 'of.tIoh 4olE
niiS AttiGie: EaIH o me pfnSCHI . ma"tG @sI
on SntH HSI SHdH HuVe u' aeuSt Fye ~
gears experience a. az oB'oft, anfltm
Cr dt0'hey P az dsJoe 'dtio" @ et'ui'e'et .n IT,
mc0tPofaed hndet He falVS ~ Me 2'ase I
OF Marpdhd or as az empioyte f sMe
G( ,reV'oHS years NdH HaVf 0ss"
resident ana regiHefea goter V Mgy.
land ne D"eAor Shan Hoid oDiee JW
SF (o) years ana Hiti hiS SneteSsGt
ShdH maze oeen dHiy aPPoHted uHu q"us'-
Led' IHe Oooe'H% "ay .en''Vt M
director for 9tleial mse0hahct' heom,
Pftency or ne9leq q dMy' HHy Va'emy
6y the Governor tor me fhefPred Po'
tion OF the term from iSt OF names 9t
qualified persons as GtoreSaid, 10 0e Sh9'
united pursuant to Sectioh ioIE hereoI.
The Director shall devote ms entire time
to the dhtieS OF ms once dnd SGaH oe
pad SHch salary as may 0e Pr0Vided IoT
in the budget,
(6) Bond. me Dtrector ShdH 9i0e oona
10 tHe Stdfe oJ Mgy,d,md !" se s3o onon am0ant nnt
OF ta9ehty W0hsand d9.Ia,S tS<V'OoO.VoI
and c0HdHioned upon proper ana Id"HJ"
diSeHafge of ms dntleS; Tn .1.u .u.,.
(1 foaoerS. ne DnecI' G SHan naws
genera supervision oVer dn assoetati0nt
TGhich are Sh0jed 10 me provisions p
thiS frticfe oy use OF He P0toeIS to-