98 BANKS. [ART. 11.

savings institution or savings bank, or a majority of them, may
execute the organization certificate, and such other papers as
shall be necessary, and may perform all acts required by law for
enabling the said bank, savings institution or savings bank to
become such association.

1865, ch. 144, sec. 3.

14. 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,
savings institution or savings bank has become an association for
the purpose of banking under the laws of the United States, the
said clerk shall record such certificate, and shall send an authen-
ticated copy thereof to the governor of the State, who, on re-
ceiving the same, shall give notice for at least three weeks in
some newspaper printed in the city or county where said bank,
savings institution or savings bank is located, that said bank,
savings institution or savings bank has been converted into such
association, and that its charter as granted by the general assembly
of Maryland, has been surrendered, and thereupon all its corporate
powers shall cease; provided, nevertheless, that said bank, savings
institution or savings bank may continue to use its corporate
name for the purpose of prosecuting and defending suits insti-
tuted by or against it, and of enabling it to close its affairs, but
not for the purpose of continuing under the laws of this State,
the business for which it was established; and no bank, savings
institution or savings bank thus converted into a banking associa-
tion under the laws of the United States, shall re-issue for circu-
lation any of the notes issued by it during its existence under the
laws of the State, for more than one year after its charter has
been surrendered; provided, that the existing laws of the State
providing for taxes on the State banks for the purposes enumer-
ated therein, shall extend and apply to all State banks and other
institutions availing themselves of the provisions of sections 12-16,
when they shall have become banking associations under the act of
congress; and all sums required by the charters of said institutions
and banks to be paid to the State, shall continue as heretofore,
to be paid.