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LAWS OP MARYLAND.

ARTICLE 15. Thatall bills and note's which may be is-

Building and
obligatory

sued by order of said corporation, signed by the presi-
dent and countersigned by the cashier thereof, promis-
ing the payment of money to any person or persons,

his or their order, or bearer, though not under the seal

of the corporation, shall be binding and obligatory

upon the same in like manner, and with like force

and effect, as upon any private person or persons, if

issued by him or them in his, her or their private or

natural capacity or capacities, and shall be assigna-

ble 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, or in like manner, or with like ef-

fect, as foreign bills of exchange now are, and those

which are payable to bearer shall be negotiable or

assignable by delivery only.

ARTICLE 16. That the shares of the capital stock

Transferable

of the corporation shall be transferable on the books

of the corporation only according to such rules as

shall be established by the president and directors ;

but all debts actually due and payable to the corpor-

ation by a stockholder requesting a transfer, must

be satisfied before such transfer shall be made, un-

less the president and directors shall direct to the

contrary.

ARTICLE 17. No loan shall be made by the said

Loans limited

corporation, for the use or on account of the State

or the United States, to an amount exceeding ten

thousand dollars, or to any other State of this Union,

or to any foreign prince or State to any amount what-

soever, without the previous consent of the Legisla-

ture, and the capital stock and funds shall be deemed

personal and not real estate.

ARTICLE 18. The president and directors for the

Give notice

time being shall give four weeks' notice, in some pa-

per published in Baltimore city, of the time and

place of holding the annual election of directors.

Voting by

ARTICLE 19. That at all meetings of the stockhold-

proxy

ers for elections and other purposes, no person shall

be allowed to vote on any share or shares of stock,

either in person or by proxy, unless said person