ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

495

place of such meeting, and any number of the stockholders owning

not less than one-fourth of the stock of the corporation may at

any time apply to the said president and directors to call a general

meeting of the stockholders for any purpose relative to the insti-

tution; and if the president and directors shall refuse to call such

meeting, the stockholders owning not less than the aforesaid

amount of one-fourth of the stock of the corporation, shall have

General
Meeting.

power to call a general meeting of the stockholders, giving notice

as aforesaid, and specifying in said notice the object of such meet-
ing; and it is hereby made the duty of the president and direc-

tors of the bank, upon the application of any of the stockholders

owning not less than one-fourth of the capital stock, to furnish

such stockholders a full and correct list of the names of all the

stockholders of the bank.

SEC. 19. And be it enacted, That the lands, tenements and here-

ditaments or chattels, real and personal, 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 con-

venient transaction of its business, or such as shall have been bona

Required

fide mortgaged or conveyed to it by way of security, or in satis-
faction of debts contracted in the course of its dealings, or pur-

or its ac-
commo-
dation.

chase at sales upon judgments or decrees, which shall have been

obtained for such debts or foreclosure of mortgages, or at mort-

gagees' sale or sales, in case where mortgages conferring power on

the mortgagees to sell the real estate or personal property men-

tioned therein, shall have been executed or assigned to such bank

to secure such debts.

SEC. 20. 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 cashier 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 like manner and with the like force

and effect as upon any private person or persons if issued by him,

Promis-

her or them, in his, her or their private or natural capacity or ca-

sory note.

pacities, and shall be assignable and negotiable in like manner as

if they were issued by such 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 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 assignable by

delivery only.

SEC. 21. And be it enacted, That the shares of the capital stock

of said corporation shall be transferable on the books of the cor-

poration only according to such rules, as shall be established by

Stock
transfer-

the president and directors, bnt all debts actually due and pay-

able.

able to the corporation by a stockholder requesting a transfer of