378

BANKS, NATIONAL AND STATE. [ART. 43.

stockholders for that purpose, to give such stockholders a full list of
the names of all the stockholders in said bank.

Cashier or
treasurer to
give bond

ART. 12. Every cashier or treasurer, before he enters upon the
duties of his office, shall be required to give bond, with two or more
securities, to the satisfaction of the president and directors, in a sum
not less than fifty thousand dollars for the larger banks, nor less than
twenty thousand dollars for those banks whose capitals do not ex-

Amount

ceed three hundred thousand dollars, with a condition for the faith-
ful discharge of their duties.

What real estate
may be held.

ART. 13. — The lands, tenements, and hereditaments, which it shall
be lawful for the said corporation to hold, shall be only such as
shall be requisite for its immediate accommodation in relation to
the convenient transaction of its business, and such as shall have
been bond 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 which shall have been obtained

Proviso.

for such debts, provided, however, that it shall not be lawful for any
such corporation to hold any real estate purchased at sales upon
judgments as aforesaid, for more than three years from and after the
time of such purchase, when judicious sale thereof may be effected
within the said three years.

What bank
may deal in

ART. 14. — That the corporation shall not deal or trade in anything
except bills of exchange, promissory notes, and bullion, or in the
produce of their lands, or of such goods and effects as shall have
been bond fide pledged or mortgaged to it by way of security, or
conveyed to it in satisfaction of debts contracted in the course of
its dealings, or purchased at sales upon judgments which shall have

Proviso as to
temporary in-
vestments

been obtained for such debts; provided, however, that nothing herein
contained shall be construed to prevent the said corporation from
making temporary investments of its funds in purchase of the public
debt of the "United States, or any one of the "United States, or of the
city of Baltimore, or of the county or other city in which said cor-
poration may be located, as the president and directors for the time
being may deem safe and beneficial.

Bills, etc.,
signed by presi-
dent, etc, bind-
ing without
seal

ART. 15. — All bills or notes which may be issued by order of the
said corporation, signed by the president, and countersigned by the
principal cashier or treasurer 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
or them, in his, her, or their private or natural capacity or capaci-
ties, and shall be assignable 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

Negotiable and
assignable.

their order, shall be assignable by indorsement in like manner and
with the like effect as foreign bills of exchange now are, and those