ROBERT M. McLANE, ESQUIRE, GOVERNOR.

499

in the town of Snow Hill of the time and place of such

meeting; and any number of the stockholders, owning

not less than one-fourth of the stock of the corpora-

tion, 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 institution; and if the

president and directors shall refuse to call such meet-

ing, the stockholders owning not less than the afore-

said amount of one-fourth of the stock of the corpo-

ration shall have power to call a general meeting of

the stockholders, giving notice as aforesaid, and speci-

fying in such notice the object of such meeting; and

it is hereby made the duty of the president and

Duty of presi-
dent, &c.

directors of the bank, upon the application of any

of the stockholders, owners of not less than one-

fourth of the capital stock, to furnish to such stock-

holders a full and correct list of the names of all the

stockholders of the bank.

SEC. 20. And be it enacted, That 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, or such

as shall have been bona fide mortgaged or conveyed

to it by way of security, or in satisfaction of debts

Lawful to hold.

contracted in the course of its dealings, or purchased

at sales upon judgments or decrees which shall have

been obtained for such debts, or foreclosure of mort-

gages, or at mortgagee's sale in case when mortgages

conferring power on the mortgagee to sell the real

estate mentioned therein have been executed or as-

signed to such bank to secure such debts.

SEC. 21. 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 per-

son 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 man-

ner and with the like force and effect as upon any

Notes binding.

private person or persons, if issued by him, her or

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

or capacities, 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 their