JAS. BLACK GROOME, ESQUIRE, GOVERNOR

117

relative to the institution, giving at least three weeks'

notice by, advertisement in some newspaper published

in the town of Cambridge, of the time and place of

such meeting ; and any number of the stockholders,

owning not less than one-fifth of the stock of the cor-

poration, may at any time apply to the said President

and Directors to call a general meeting of the stock-

holders, for any purpose, relative to the institution ;

Refusal to call
meeting.

and if the President and Directors shall refuse to call

such meeting, the stockholders owning not less than

the aforesaid amount of one-fifth of the stock of the

corporation, shall have power to call a generalmeeting
of the stockholders, giving notice, as aforesaid, and

specifying in such notice, the object of such meeting ;

and it is hereby made the duty of the President and

Directors of the Bank, upon the application of any

stockholders, owners of not less than one-fifth of the

capital stock, to furnish to such stockholders, a full

and correct list of the names of all the stockholders

of the Bank.

SEC. 20. And be it enacted, That the lands, tene-

ments and hereditaments, which it shall be lawful for

Lands, tene-

the said corporation to hold, shall be only such as

ments, &c.

shall be requisite for its immediate accommodation

in relation to the convenient transaction of its busi-

ness, 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 forclosure

of mortgages, or at mortgagee's sale, in cases where

mortgages conferring power on the mortgagee to sell

the real estate mentioned therein have been executed,

or assigned to such bank, to secure such debts.

SEC. 21. And be it enacted, That all bills or notes

that may be issued by order of said corporation,

Bills or notes.

signed by the President, and countersigned by the

Cashier thereof, promising the payment 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 obligatory upon the same in

the 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 nat-

ural capacity or capacities, and shall be assignable