ART. 26.] CORPORATIONS. . 149

unless the said director before he acts as such shall make oath
before some justice of the peace that he is the sole and bona
fide owner of the stock standing in his name on the books of
said bank, and that the same has not been transferred to qualify
him to serve as director therein.

6. In all cases where the stock in any money corporation in
this State shall have been hypothecated or pledged by the owner
thereof as a security for the payment of any debt or loan, such
owner shall until forfeiture of the pledge, upon exhibiting to the
person holding any election in such corporation, a certificate in
writing from the pawnee of said stock that the same is held in
pledge or by hypothecation, be deemed and taken to be the
holder of such stock, and as such entitled to vote thereon.

7. Any corporation not chartered by the laws of this State
which shall transact business therein, shall be deemed to hold
and exercise franchises within this State, and shall be liable to
suit in any of the courts of this State, on any dealings or trans-
actions therein.

8. Any corporation may acknowledge any deed which such
corporation has the power to make by attorney appointed by
such corporation under the seal thereof, and such appointment
may be embodied in the deed.

9. All corporations have the right to make and use a common
seal and alter the same at pleasure, may prosecute and defend
all suits and actions, and may make any by-laws not inconsistent
with the charter or articles of association, and consistent with
the laws of the land.

FOR AGRICULTURAL AND OTHER PURPOSES.

10. When any seven or more free white persons, citizens of
the United States, and a majority of them citizens of this State,
are associated or mean to associate for any moral, scientific,
literary, dramatic, agricultural or charitable purpose, or for the
purpose of forming any uniform volunteer company, fire engine
or hose company,, or beneficial, benevolent or musical society or
association, they may be incorporated as herein provided.

11. The persons desiring to be incorporated under the pre-
ceding section, shall execute under their hands and seals, or