JAMES THOMAS, ESQUIRE, GOVERNOR.

1834.

obtained for such debts, and all such lands, tenements, and
hereditaments, so taken in satisfaction of debts, or purchas-
ed at soles upon judgments, shall be resold and conveyed
by the said president and directors within the term of five

CHAP. 210.

years from the taking or purchase thereof as aforesaid.
Article 15 — That the corporation shall not deal or trade
in any thing except bills of exchange, promissory notes,
and bullion, or in the sale of goods, which shall be the pro-
duce of then lands, or of such goods and effects as shall
have been bond fide pledged or mortgaged to it by way of
security, or conveyed to it in satisfaction of debts contract-
ed in the course of its dealings, or purchased at sales upon
judgments, which shall have been obtained for such debts,
provided, however, that nothing herein contained shall be
construed to prevent the said corporation from making tem-
porary invest nents, of its funds in purchase of the public
debt of the United States, or of any one of the United
Slates, or of the city of Baltimore, as the president and
directors, for the tune being, may deem safe and bene-
ficial

Article 16 —That all bills or notes which may be issued
by order of the said corporation, signed by the President,
and countersigned by the principal Cashier or Treasurer
thereof, promising the payment of money to any person or
persons, his her, or then order, or bearer, though not under
the seal of the said corporation, shall be binding and obliga-
tory upon the same in the like manner and with the like
force and effect, as upon any private person or persons, if
issued by hm or them, in his, her, or their private or natu-
ral capacity or capacities, and shall be assignible and nego-
tiable in like manner, as it they weie so issued by such pri-
vate person or persons that is to say, those which shall be
payable to any person or persons, his her or their order,
shall be assignable by endorsement in like manner, and with
the like effect, as foreign bills of exchange now are, and
those which are payable to bearer, shall be negotiable or as-
signable by delivery only.

Bills and notes

payable

Article 17 — That the shares of capital stock of the said
Bank, shall be transferable on the books of the Bank only, ac-
cording to such rules as shall be established by the President
and Directors, but all debts actually due and payable to the
Bank, by a stockholder requesting a transfer, must be satis
fied before such a transfer shall he made, unless the President
and Drrectors shall drrect to the contrary