BANKING ASSOCIATIONS.

6 Banking associations, how formed, exist- ing banks 7 Powers granted. 8 Capital stock in city of Baltimore, certified to comptroller 9. Capital stock in State, certified to comp- troller 10 Board of directors, vacancy 11 Number of directors, their qualifications. 12 Articles of constitution. I Votes of stockholders II. Directors must be stockholders, III No one to be a director in two banks, annual statement to stockholders IV Semi-annual statement to State treas- urer, to be published, verified by affidavit V. Amount of issue, VI Oath of officers VII. Debts not to exceed capital, pro- viso, in cases of excess, directors personally liable, unless they give notice. VIII Quorum for transaction of business IX Dividends, directors liable, unless they give notice X No emolument to directors, pay of president XI General meetings; bow called XII Cashier, etc, to give bond.

XIII What real estate may be held, pro- viso XIV What bank may deal in, proviso as to temporary investments XV. Bills, etc, signed by president bind- ing without seal, negotiable and assignable XVI Shares transferable XVII To whom loans shall not be made; capital stock deemed personal es- tate XVIII Public notice of annual election. XIX Oath of stockholder before voting, vote by proxy, oath, proviso XX In what funds to make payments XXI Payment of a percentage on issue to be applied to the free-school fund, to what other taxation capital stock subject 13 In case of non-payment of notes, etc, by bank, interest may be recovered 14 Eights of creditors. 15 Distribution of assets in case of suspension 16 Stockholders liable to the amount of their stock 17 Existing banks may avail themselves of these provisions 18 Suspension of business 19 When act to expire

PUBLICATION OF LISTS Or DEPOSITS AND DIVIDENDS.

20 Unclaimed dividends to be published, not to apply to savings banks

21 Expenses of publication, bow paid 22 Penalty for neglecting publication.

NATIONAL BANKS.

1. Any bank, savings institution, or savings bank, incorporated under the laws of this State, may become an association for the purpose of banking under the laws of the United States; provided, it shall first comply with all the requirements of the act of the first session of the thirty-eighth Congress of the United States, entitled "An act to provide a national currency secured by a pledge of the United States bonds, and to provide for the circulation and redemp- tion thereof. "

1865 c 144, s 1 National banks. How formed from State banks. 33 Md 75, 40 Md 269, 46 Md 43, 47 Md 217.