THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

like manner, as if they were so issued by such private

CHAP. 251.

person or persons, that is to say: those which shall be

payable to any person or persons, his, her or their or-

der, shall be assignable by endorsement in like man-

ner, and with the like effect, as foreign bills of ex-

change now are, and those which are payable to bear-

er, shall be negotiable or assignable by delivery only.

ARTICLE 17. That the shares of the capital stock of

Transfers

the said bank, shall be transferable on the books of the

said bank only, according to such rules as shall be es-

tablished by the president and directors; but all debts

actually due and payable to the bank, by a stockhold-

er requesting a transfer, must be satisfied before such a

transfer shall be made, unless the president and direc-

tors shall direct to the contrary.

SEC. 11. And be it enacted, That if at any time the

Case of neglecting

said bank shall neglect or refuse to pay in gold and

to pay obliga-tions

silver, any of its notes, bills, obligations, or any mo-

ney received on deposite, in violation of the contract,

promise, or undertaking of said bank; the person or

persons entitled to demand and receive such payment,

shall respectively receive and recover interest on said

bills, notes, obligations and deposites, until the same

shall be fully paid and satisfied, at the rate of twelve

per centum per annum, from the time of such demand;

Provided, and so far as the assets of said bank shall be

sufficient to pay, over and above the sum of its debt

and common interest thereon, the said extra rate of

interest.

SEC. 12. And be it enacted, That if the said Bank

Case of neglecting

shall neglect or refuse to pay as aforesaid, any of its

to pay deposites

notes, bills, obligations, or money received on depo-

site, the holder of such note, bill or obligation, or the

person or persons entitled to demand and receive such

money, shall be respectively entitled only to demand

and receive as creditor, or as debtor, to claim and set

off, such part of the sum of its assets, as shall be ac-

tually distributable and payable to such creditor or

debtor at the time when such claim or demand may be

made; Provided, the concerns of said bank shall be or

become, before any such demand is made or set off at-

tempted, in process of being wound up for equitable