462

LAWS OF MARYLAND.

meeting of the stockholders for any purpose relative

to the corporation; and if the president and director

shall refuse to call such meeting, the said number of

stockholders, proprietors of not less than the aforesaid

amount of stock, shall have power to call a general

meeting of the stockholders, giving notice as aforesaid,

and specifying in such notice the objects of such meet-

ings; and it is hereby made the duty of the president

and directors of said bank, upon the application of any

ten stockholders for that purpose, to give such stock-

holders a full list of the names of all the stockholders

in said bank.

SEC. 12. The lands, tenements and hereditaments,

which it shall be lawful for said corporation to hold

in addition to such as are now included in its assets,

shall be only such as shall be requisite for its immedi-

ate accommodation, in relation to the convenient

transaction of its business, and such as shall have been

bona fide mortgaged or conveyed to it by way of

security or in satisfaction of debts contracted in the

Corporation—

course of its dealings, or purchased at sales upon judg-

what to hold.

ments which shall have been obtained for such debts;

provided, however, that it shall not be lawful for said

corporation to hold any real estate purchased at sales

upon judgments aforesaid, for more than five years,

from and after the time of such purchase when judici-

ous sale thereof may be effected within the said five

years, and the capital stock and funds of the corpora-

tion shall be deemed and taken to be personal and not

real estate.

SEC. 13. All bills or notes which may be issued by

order of the said corporation, signed by the president

and countersigned by the cashier thereof, promising the

Notes binding.

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 is-

sued by him or them in his, her or their private or

natural capacity or capacities, and shall be assignable

and negotiable in like manner as they were so issued

by such private person or persons; that is to say,

Assignable and
negotiable.

those which shall be payable to any person or persons,

his, her or their order, shall be assignable by endorse-

ment in like manner and with the like effect as for-

eign bills of exchange now are, and those which are