JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 749
of this State, or the United States, to an amount
|
 
|
exceeding ten thousand dollars, or to any other
|
 
|
State of this Union, or to any foreign prince or
|
 
|
State, to any amount whatever, without the pre-
|
 
|
vious consent of the Legislature, nor to any one
|
 
|
corporation or person an amount exceeding at any
|
 
|
one time ten per cent, of the capital stock actually
|
 
|
paid in ; and the capital stock and funds of said
|
 
|
corporation shall be deemed and taken to be per-
|
 
|
sonal and not real estate.
|
 
|
SEC. 24. And be it enacted, That it shall not be
|
 
|
lawful for the said corporation to make discounts
|
 
|
in or pay out any bonds or money other than gold
|
What to pay
out.
|
or silver coin, the lawful currency of the United
|
 
|
States, notes issued by the authority of this char-
|
 
|
ter, and notes of other banking institutions re-
|
 
|
ceived at their par value by the corporation paying
|
 
|
them out.
|
 
|
SEC. 25. And be it enacted, That if at any time
|
 
|
the said corporation shall neglect or refuse to pay
|
 
|
in gold or silver, or lawful money of the United
States, any of its notes, bills or obligations, or
money received on deposit, in violation of the
|
Obligations-
how paid.
|
promises, contract or undertaking of the said cor-
|
 
|
poration, the person or persons entitled to demand
|
 
|
and receive such payment shall respectively receive
and recover interest on said bills, notes, obligations
|
 
|
and deposit, until the same shall be fully paid and
|
 
|
satisfied, at the rate of six per centum per annum
|
 
|
from the time of such demand.
|
 
|
SEC. 26. And be enacted, That the continuance
|
 
|
of said corporation shall be on the condition that
|
 
|
stockholders thereof shall be individually respon-
sible, equally and ratably, and not one for another,
|
Equally re-
sponsible.
|
for all debts, contracts and liabilities of said cor-
|
 
|
poration to the extent of the amount of their
|
 
|
stock therein, at the par value thereof, in addition
|
 
|
to the amount invested in such shares ; and upon
|
 
|
this further condition, that this act and every part
|
 
|
thereof may be altered from time to time or re-
|
 
|
pealed.
|
 
|
SEC. 27. And be it enacted, That if the corpora-
|
 
|
tion shall at any time suspend its payments, the
|
 
|