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CHAP. 287
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assigned to it by the aforementioned society, or bona
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fide mortgaged or conveyed to it, by way of security or
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in satisfaction of debts contracted in the course of its
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dealings, or purchased at sales upon judgments which
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shall have been obtained for such debts; and all such
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lands, tenements and hereditaments so taken in satis-
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faction of debts, or purchased at sales upon judgments,
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shall be resold and conveyed by the said president and
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directors within the term of five years from. the taking
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or purchase thereof as aforesaid.
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Kind of busineis
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ART. 15. That the corporation shall not deal or
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trade in anything except bills of exchange, promissory
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notes, and bullion, or in the sale of goods, which shall
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be the produce of their lands, or of such goods and ef-
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fects as shall have been bona fide pledged or mortgaged
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to it by way of security, or conveyed to it in satisfac-
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tion of debts contracted in the course of its dealings, or
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purchased at sales upon judgments which shall have
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been obtained for such debts; Provided however, that
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nothing herein contained shall be construed to prevent
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the said corporation from making temporary invest-
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ments of its funds, in purchase of the public debt of
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the United States, of the city of Baltimore, as the pre-
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sident and directors for the time being, may deem safe
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and beneficial.
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Notes not under seal, &c.
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ART. 16. That all bills or notes, which may be is-
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sued by order of the said corporation, signed by the
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president and countersigned by the principal, cashier
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or treasurer thereof, promising the payment of money
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to any person or persons, his, her or their order or to
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bearer, though not under seal of the said corpora-
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tion, shall be binding and obligatory upon the same in
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the like manner and with the like force and effect as
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upon any private person or persons, if issued by him
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or them, in his, her or their private or natural capaci-
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ty or capacities; and shall be assignable and negotiable
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in like manner as if they were so issued by such pri-
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vate person or persons, that is to say: — Those which
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shall be payable to any person or persons, his, her op
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their order, shall be assignable by endorsement in like
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manner, and with the like effect as foreign hills of ex-
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