EDWIN WARFIELD, ESQ., GOVERNOR.

283

firm) that I will faithfully, impartially, diligently, and honestly

execute the office of ——— agreeably to the provisions of

the law and the trust reposed in me to the best of my skill

and judgment;" said oath or affirmation to be taken before

any justice of the peace or other person having authority

under the laws of this State to administer oaths, and to be

reduced to writing, signed by the affiant and preserved among

the records of said corporation.

SEC. 8. And be it enacted, That the lands, tenements and

hereditaments which it shall be lawful for said corporation to

Corporation's
powers.

hold shall be only such as shall be requisite for its immediate

accommodation in relation to the convenient transaction of

its business, or such as shall have been bona fide mortgaged

or conveyed to it by way of security or in satisfaction of debts

contracted in the course of its dealings, or purchased at sales

upon judgments or decrees which shall have been obtained

for such debts or foreclosure of mortgages, or at mortgagee's

sale or sales in cases where mortgages conferring power on

the mortgagees or attorneys named therein to sell the real es-

tate mentioned therein, shall have been executed or assigned to

such corporation to secure such debts.

SEC. 9. And be it enacted, That all bills or notes that may

be issued by order of said corporation, signed by the presi-

Bank bills or
notes as-

dent and countersigned by the cashier thereof, promising the

signable and

payment of money to any person or persons, his, her or their

negotiable.

order, or bearer, though not under the seal of the corpora-

tion, shall be binding and obligatory upon the corporation in

like manner and with the like force and effect as upon any

private person or persons, if issued by him, her or them in his,

her or their private or natural capacity or capacities, and shall

be assignable and negotiable in like manner as if they were

so issued by such private 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 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.

SEC. 10. And be it enacted, That it shall not be lawful for

the said corporation to make discounts or pay out any funds

Lawful

or money other than gold or silver coin or certificates, or legal-

money.

tender notes, the lawful currency of the United States, notes

issued by the authority of this Act and notes of other banking

institutions received at their par value by the bank so paying

them out.