14 LAWS OF MARYLAND.

ing in his name on the books of the bank. Any vacancy in the
board of directors shall be filled by the board, and the directors
so appointed shall hold office until the next election. The
officers of the bank shall _tbe elected by the board of directors
and hold their offices for one year and until their successors
have been elected and qualified, unless sooner removed by the
board of directors. The president and directors of a bank for
the time being shall give three weeks' public notice in at least
two daily newspapers published in the city of Baltimore, if the
corporation be located in the city of Baltimore, or in at least
one or more newspapers published in the county, if there be
two newspapers published in the county where the corporation
may be located, if not located in the said city, of the annual
meeting of the stockholders.

27. Any bank organized under this Act may reorganize
under the laws of the United States as a national bank. As
soon as such bank shall have obtained the certificate from the
Comptroller of the Currency, authorizing it to commence busi-
ness under the United States Banking Law, such reorganized
bank shall take and hold all of the assets, real and personal, of
such bank organized under this Act, subject to all liabilities
existing against such bank organized under this Act at the
time of such reorganization, -and shall immediately notify the
Bank Commissioner of such reorganization and transfer.

28. Any national bank authorized to dissolve, and which
shall have taken the necessary steps to effect dissolution, may
reorganize under this Act, upon the consent in writing of the
owners of two-thirds of the capital stock of such bank, and
with the approval of the Bank Commissioner. Such stockhold-
ers shall make, execute and acknowledge articles of organiza-
tion as required by this Act, and shall set forth the said writ-
ten consent of such stockholders. Upon the filing of said
articles as provided by this Act, and upon the approval of the
Bank Commissioner, such bank shall be deemed to be reor-
ganized under this Act, and thereupon all assets, real and per-
sonal, of such dissolved national bank shall be vested in and be
and become the property of such reorganized bank, subject to
all liabilities of such national bank not liquidated before such
reorganization.

SEC. 29a. Nothing in this Act shall prevent State banks
from conducting a savings department.

29. In the event that the Congress of the United States
shall hereafter remove the tax on bank circulation or provide
for the establishment of circulation of banks organized under
State laws, any bank organized or doing business under this
Act shall have the power to issue circulating notes or currency