12 LAWS OF MARYLAND.

to require such changes as he may deem necessary before he
approves them, and shall then be submitted to one of the judges
of the judicial circuit in. which the bank is to be located in
order that he may determine whether said articles are framed
in accordance with existing laws. One copy shall then be filed
for record in the office of the Clerk of the Circuit Court in the
county in which the bank is to be located, or in the office of
the Clerk of the Superior Court of Baltimore City, when to be
located in said city, and one copy shall be filed with the Bank
Commissioner, who shall issue his certificate therefor, and one
copy shall be filed with the State Tax Commissioner. The
corporation so formed shall have no legal existence until all
copies of the articles of association have been filed for record
as herein directed. The fee for filing such articles of incorpora-
tion with the Bank Commissioner shall be ten ($10) dollars,
and for filing amendments to the articles of incorporation, five
($5) dollars; all such fees to be collected by the Bank Com-
missioner.

23. Upon making and filing of the articles of incorporation,
and upon the payment of the bonus and other taxes required by
the laws of this State, the bank shall become a body corporate,
and as such shall have the following powers:

First. To make all contracts necessary and proper to effect
its purpose and conduct its business.

Second. To sue and be sued, to appear and defend in all
actions and proceedings under its corporate name to the same
extent as a natural person.

Third. To have a common seal and to alter the same at
pleasure.

Fourth. To elect or appoint all necessary officers, agents
and servants, define their duties and obligations, fix their com-
pensations, dismiss them, fill vacancies and require bonds.

Fifth. To make, amend and repeal by-laws and regulations,
not inconsistent with law or its articles of organization, for
its own government, for the orderly conduct of its affairs and
the management of its property, for determining the manner
of calling and conducting its meetings, the tenure of office of
its several officers, and such other matters as shall be neces-
sary or convenient for the accomplishment of its purpose.

Sixth. To exercise, by its directors, duly authorized officers
or agents, all such powers as shall be usual in carrying on the
business of banking; by buying, discounting and negotiating
promissory notes, bonds, drafts, bills of exchange, foreign and
domestic, and other evidences of debt; by receiving deposits
of money upon which interest may be paid; by buying and
selling coin and bullion, and by buying and selling exchange,