26

BANKS. [ART. 12.

Ibid. s. 2.

21. Before any bank, savings institution or savings
bank of this state shall avail itself of the provisions
of this act, and of the aforesaid act of congress, its
stockholders, by and with the written advice and

Owners of
three-fourths
of capital stock
to decide.

consent of the owners of three-fourths of the capital
stock of said bank, savings institution or savings
bank, or at a special meeting called for the purpose,
shall decide whether the said 'bank, savings insti-
tution or savings bank shall or shall not become
an association for the purpose of banking under the
laws of the United States, and at said meeting every
stockholder may cast one vote for each share of stock
held by him or her, and every stockholder who shall
be absent from said meeting may vote by proxy, and
every executor, administrator, guardian, or trustee
holding stock in said bank, savings institution or
savings bank, may vote in person or by proxy, with-
out incurring any responsibility by such vote, and
the treasurer of Maryland is hereby authorized and
directed to represent and vote the stock held by the
state in any of the banks, savings institution or sav-
ings bank of this state, and if, on casting up the vote
at the said meeting, it shall appear that the owners
of two-thirds of the capital stock of said bank, sav-
ings institution or savings bank, are in favor of con-
verting the said bank, savings institution or savings
bank into an association for the purpose of banking
under the laws of the United States, the directors of
said bank, savings institution or savings bank, or a
majority of them, may execute the organization cer-
tificate, and such other papers as shall be necessary,
and may perform all acts required by law for ena-
bling the said bank, savings institution or savings
bank to become such association.

Ibid. B. 3.
Notice to be
given by publi-
cation.

22. Whenever any bank, savings institution or
savings bank in this state shall present to the clerk
of the court of appeals of Maryland, a certificate
from the comptroller of the currency, setting forth
under his hand and official seal, that the bank, sav-
ings institution or savings bank has become an asso-