HENRY LLOYD, ESQUIRE, GOVERNOR,

immediate accommodation, in relation to the
convenient transaction of its business, or such.
as shall have been bona fide mortgaged, or con-
veyed to it by way of security, or in satisfac-

G73

tion of debts contracted in the course of its
dealings, or purchase at sales upon judgments
or decrees which shall have been obtained for
such debts, or foreclosure of mortgages, or at
mortgagees' sale or sales, in case where mort-
gages, conferring power on the mortgagees to
sell the real estate mentioned therein, shall
have been executed or assigned 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 cor-
poration, signed by the President and counter-
signed 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

Real estate.

upon any private person or persons, if issued
by him, her or them, in his, her or their pri-
vate or natural capacity or capacities, and shall
be assignable and negotiable in like manner
as if they were so issued by such private per-
son 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 endorse-
ment in like manner and with the like effect
as foreign bills of exchange now are, and those
which are payable to bearer shall be nego-
tiable or assignable by delivery only.

SEC. 22. And be it enacted, That the shares
of the capital stock of said corporation shall
be transferable on the books of the corpora-
tion only according to such rules as shall be

Bills and
notes.

established by the President and Directors,
but all debts actually due and payable to the
corporation by a stockholder requesting a
transfer of shares, must be satisfied before
such a transfer shall be made, unless the Presi-
dent and Director shall direct to the contrary.
43

Shares trans-
ferable.