530 LAWS OP MARYLAND. [Cn. 311

such sales and to report the same to the Maryland State
Board of Agriculture.

(Vetoed.)

CHAPTER 311.

AN ACT to authorize and empower Mechanics' Loan and Sav-
ings Bank, as incorporated by Chapter 93, of the Acts of
1860 amended by Chapter 63 of the Acts of 1902, Chapter
98 of the Acts of 1912 and Chapter 56 of the Acts of 1918.
to amend its charter by converting said corporation from
a savings institution, as now constituted, into a bank.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Mechanics' Loan and Savings Bank, at Hagers-
town, Maryland, a corporation duly incorporated by Chapter
93 of the Acts of 1860, said charter having been subsequently
amended by Chapter 63 of the Acts of 1902, Chapter 98 of
the Acts of 1912, and Chapter 56 of the Acts of 1918, is
hereby authorized and empowered, by a vote of its weekly
depositors or stockholders, representing two-thirds of the total
deposits of said weekly depositors or stockholders, to amend
its charter, created and amended as aforesaid, by converting
said corporation from a savings institution, as now constituted,
into a bank, with such capitalization and upon such other
terms and conditions, not in any manner inconsistent witli
existing provisions of law, as said weekly depositors or stock-
holders, by the same vote, may determine, such vote to be taken
at a meeting called for that purpose. At any such meetings
called to consider any such amendment the weekly depositors
or stockholders may vote either in person or by proxy. Such
amendment, certified by the President and Treasurer of said
corporation shall be executed, approved, filed and recorded as
now required for articles of incorporation of banks.

SEC. 2. Be it further enacted. That as soon as the conver-
sion of said corporation from a savings institution into a bank
shall, at any time, have been fully completed by a compliance
with all the provisions of law relating thereto, said corpora-
tion shall thereupon, under its present corporate name of
Mechanics' Loan and Savings Bank, possess all the rights,
privileges and powers appertaining and belonging to banks,
as defined by existing laws, and upon the terms and conditions
and subject to the liabilities described therein, and shall own
and hold all property and assets of whatever kind or descrip-
tion which may then be owned by said corporation, and be sub-
ject to all of the existing obligations and liabilities thereof,
provided, however, that nothing herein shall be construed to