A. W. BRADFORD, ESQUIRE, GOVERNOR.

become an association" for the purpose of bank-
ing 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 bank, 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

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thereupon all its corporate powers shall cease;
provided, nevertheless, that said bank, savings in-
stitution 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 pur-
pose 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 circu-
lation any of the notes issued by it during its ex-
istence 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 pro-
viding for taxes on the State banks for the pur-
poses enumerated therein, shall extend and ap-
ply to all State banks and other institutions avail-
ing themselves of the provisions of this act, when
they shall have become banking associations un-
der the act of Congress, and all sums required by
the charters of said institutions and banks to be
paid to the State, shall continue as heretofore to
be paid.

Provisos.

Sec. 4. And be it further enacted, That when-
ever any bank, savings institution or savings
bank in this State, shall have surrendered its
charter, and become an association for the pur-
pose of banking under the laws of the United
States, all its assets, real and personal, without
other transfer, shall vest in and become the pro-
perty of such association, and said association
shall be responsible for all the debts and liabili-
ties of said bank, savings institution or savings

Property to
vest in associa-
tion.