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LAWS OF MARYLAND.

Art. 13. The lands, tenements and heredita-
ments which it shall he lawful for [for] the said

Not to hold
unless neces-
sary .

corporation to hold, shall be only such as shall be
requisite for its immediate accommodation in rela-
tion to the convenient transaction of its business,
and such as shall have been bona fide mortgaged
or conveyed to it, by way of security, or in satis-
faction of debts contracted in the course of its deal-
ings, or purchased at sales upon judgments which

Proviso.

shall have been obtained for such debts; Provided,
hoivever, that it shall not he lawful for any such
corporation to hold any real estate purchased at
sales upon judgments as aforesaid, for more than
three years, from and after the time of such pur-
chase, when judicious sale thereof may he effected
within the said three years.

Not to deal in.

Art. 14. That the corporation shall not deal or
trade in anything except bills of exchange, promis-
sory notes and bullion, or in the produce of their
lands or of such goods and effects as shall have
been bona fide pledged or mortgaged to it by way
of security, or conveyed to it in satisfaction of
debts contracted in the course of its dealings, or
purchased at sales upon judgments, which shall
been obtained for such debts; Provided, however,
that nothing herein contained shall be construed

May purchase.

to prevent the said corporation from making tem-
porary investments of its funds in purchase of the
public debt of the United States, or any one of the
United States, or of the City of Baltimore, or of
the county or other city in which said corporation
may be located, as the President and Directors for
the time being may deem safe and beneficial.

Art. 15. That all bills or notes which may be
issued by order of the said corporation, signed by

President to
sign.

the President, and countersigned by the principal
cashier or treasurer thereof, promising the pay-
ment of money to any person or persons, his, her,
or their order, or bearer, though not under the
seal of the 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 per-
son or persons, if issued by him or them, in his,
her, or their private or natural capacity or capaci-

Assignable.

ties; and shall be assignable and negotiable in like
manner as if they were so issued by such private