ART. 11.] MAY BECOME NATIONAL BANKS. 99

1865, ch. 144, sec 4.

15. Whenever any bank, savings institution or savings bank
in this State shall have surrendered its charter, and become an
association for the purpose of banking under the laws of the
United States, all its assets, real and personal, without other
transfer, shall vest in and become the property of such associa-
tion, and said association shall be responsible for all the debts

and liabilities of said bank, savings institution or savings bank,
incurred prior to the surrender of its charter.

Ibid. ser. 5.

16. Whenever the charter of any bank, savings institution or
savings bank, in the State, has been surrendered, as hereinbefore
provided for, the members of the board of directors, last in office,
shall forthwith deliver up all the plates and dies of said bank,

savings institution or savings bank, to the superior court of
Baltimore city, when said bank, savings institution or savings
bank is located in that city, or to the circuit court for the county
in which said bank, savings institution or savings bank may be
located; and the judge of each of said courts shall cause the said
plates and dies to be destroyed in his presence, and also in the
presence of the president or cashier of said bank, savings institu-
tion or savings bank; and the members of board of directors, who
wilfully refuse or neglect so to do, shall be deemed guilty of a
misdemeanor, and on conviction shall be severally punished by a
fine not exceeding five hundred dollars.

1870, ch. 206, sec. 1.

17. Associations for carrying on the business of banking may
be formed by any number of persons, not less in any case than
five, who shall enter into articles of association which shall
specify, in general terms, the object for which the association is
formed, and may contain any other provisions not inconsistent
with the provisions of this article, which the association may see
fit to adopt for the regulation of the business of the association
and the conduct of its affairs; and the president and cashier elect
of any existing bank in the State of Maryland, established either
under the laws of this State or of the United States, together
with any five directors thereof elect, are hereby appointed