JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 801

ness, or such as shall have been bona fide mortgaged
or conveyed to it by way of security, or in satisfac-
tion 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
foreclosures of mortgages, or at mortgagee's sale, in
cases where mortgages confsrring power on the mort- gagee 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,
signed by the president and countersigned by the	Shall be bind- ing and obliga-
cashier thereof, promising the payment of money to	tory.
any person or persons, hie, 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 natural
capacity or capacities, and shall be assignable and	Assignable.
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 per-
sons, his, her, or their order shall be assignable by
endorsement in like manner and with the like effect
as foreign bills of exchange now are, and those which
are payable to bearer shall be negotiable or assigna-
ble by delivery only.
SEC. 22. And be it enacted, That the shares of the
capital stock of the said corporation shall be trans-
ferable on the books of the corporation only, accord-	Transferable.
ing to such rules as shall be established by the
president and directors ; but all debts actually due
and payable to the corporation by a stockholder, re-
questing a transfer of shares, must be satisfied before
such a transfer shall be made, unless the president
and directors shall direct to the contrary.
SEC. 23. And be it enacted, That no loan shall be
made by the corporation for the use of or on account	Loans prohibit- ed without con-
of this State, or the United States, to an amount ex-	Bent.
ceeding ten thousand dollars, or to any other State
of this Union, or to any foreign prince or State, to
any amount whatever, without the previous consent
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