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LAWS OF MARYLAND.

SEC. 23. And be it enacted, That no loan
shall be made by the corporation for the use
of this State, or the United States, to an
amount exceeding five thousand dollars, or to-
any other State of this Union, or to any for-
eign Prince of State, to any amount whatso-

Leans to State.

ever, without the previous consent of the Leg-
islature, or to any one corporation or person
an amount exceeded at any one time ten per
cent, of the capital stock actually paid in, and
the capital stock and funds of said corpora-
tion shall be deemed and taken to be personal,
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 funds or money

What funds to
use.

other than gold or silver coin or legal tender
notes, the lawful currency of the United
States, notes issued by the authority of this
charter, and notes of other banking institu-
tions received at their par value by the banks,
so paying them out.

SEC. 25. And be it enacted, That if at any
time the said corporation shall neglect or re-
fuse 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

In case of re-
fusal to pay.

violation of the promise, contract or under-
taking of the said corporation, the person or
persons entitled to demand and receive such
payments shall respectively receive and re-
cover 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.

Hold mortgage.

SEC. 26. And be it enacted, That the said
Farmers' and Planters' Bank, may purchase and
take an assignment of any mortgage of any
building or land association, or any corpora-
tion or individual, and hold the said mortgage
with all the rights, powers and privileges of
the building or land association, or corporation,