ROBERT M. McLANE, ESQUIRE, GOVERNOR.

463

payable to bearer shall be negotiable or assignable by

delivery only.

SEC 14. The shares of the capital stock of the cor-

poration shall be transferable on the books of the cor-

poration only according to such rules as shall be estab-

Shares— how

lished by the president and directors, but all debts

transferred.

actually due and payable to the corporation by a

stockholder requesting a transfer, must be satisfied be-

fore such transfer shall be made, unless the president

and directors shall direct to the contrary.

SEC. 15. At all meetings of the stockholders of the

corporation for elections and other purposes, no person

shall be allowed to vote on any share or shares of

stock at such meetings, either in person or by proxy,

Who to Tote.

unless the said person shall, if required by a stock-

holder, make oath or affirmation before the judges of

the election or other officers of the meeting, that he or

she, as the case may be, is the lawful and bona fide owner

of said stock, having purchased and paid or secured

payment for the same a full consideration or received

the same by inheritance, bequest, marriage distri-

bution or gift, and without any understanding that

the said stock is to be transferred to the party from

whom it was received, or in case of voting by proxy

or power of attorney shall make oath or affirmation,

Make oath.

if required by a stockholder, that he believes his prin-

cipal, for whom he offers to vote, bought and paid or

secured the payment for the said stock a full consid-

eration, or that the said principal, to the best of his

knowledge and belief, is the real bona fide owner of

said stock, having acquired the same, as the case may

be, by inheritance, bequest, marriage distribution or

gift; provided, however, that this provision shall only

apply to such shares of stock in the corporation afore-

said as shall appear to have been transferred upon the

books of the comptroller within one year next pre-

ceding the meeting at which it is offered to vote upon

them.

SEC. 16. It shall not be lawful for said corporation

to make discounts in or pay out any funds or money

other than the legal currency of the United States,

Not lawful.

notes issued by authority of its charter, and notes of

other banking incorporations received by it at their

par value.

SEC. 17. And be it enacted, That if at any time

said corporation shall neglect or refuse to pay in gold