ART. 11] SURRENDER OF CHARTER—LIQUIDATION. 301

treasurer of Maryland is hereby authorized and directed to
represent and vote the stock held by the State in any bank,
savings institution or savings 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, savings
institution or savings bank, are in favor of converting 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 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.

1888. art. 11, sec. 14. 1865, ch. 144, sec. 3.

16t 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
authenticated copy thereof to the governor of the State, who,
on receiving 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 bonk 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 instituted 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 association under the laws
of the United States shall re-issue for circulation any of the
notes issued 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 enumerated therein
shall extend and apply to all State banks and other institutions