220

LAWS OF MARYLAND.

cured by a pledge of the United, State's bonds, and
to provide for the circulation and redemption there-
of."

The owners
three-fourths
of the capital
stock to decide.

Sec. 2. And be it further enacted, That before
any bank, savings institution or savings bant of
this State, shall avail itself of the provisions of
this act, and of the aforesaid act of Congress, its
Stockholders, by and with the written advice and
consent of the owner's of three-fourths of the capi-
tal stock of said bank, savings institution of sav-
ings bank, "or at a special meeting" called for
the purpose, shall decide whether the said bank,
savirigs institution or savings bank shall or shall
not become an association for the purpose of bank-
ing under the laws of the United States, and at
said meeting very stockholder may cast one vote
for each share of stock held by him or her, and
every stockholder who shall be absent from said
meeting, may vote by proxy, and every executor,
administrator, guardian or trustee, holding stock
in said bank, savings institution or savings bank,
may vote in person or by proxy, without incur-
ring any responsibility by such vote, and the
Treasurer of Maryland is hereby authorized and
directed to represent and vote the stock held by
the State in any of the banks, 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 in-
stitution 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 per-
form all acts required by law for enabling the
said bank, savings institution or savings bank to
become such association.

Notice to be
given by pub-
lication.

Sec. 3. And be it further enacted, That when-
ever any bank, savings institution or sayings
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, payings institution or savings bank has