FRANK BROWN, ESQURE, GOVERNOR.

the peace or a notary public, the following oath or affirmation :
"I do solemnly swear or affirm, that I will faithfully, impar-
tially, diligently and honestly perform the duties of ———— of
the Boonsborough Bank to the best of my skill and judg-
ment;" and said oaths or affirmations shall be filed among the
records of the bank.

595

SEC. 17. And be it enacted, That the total amount of the
debts which the said bank shall at any time owe, whether by
bill, bond, note or contract, shall not exceed the amount of the
capital stock actually paid in, provided that money deposited
in the bank shall not be considered as debts within the provi-
sions of this section; and in case of an excess, the directors
under whose administration it shall occur, shall be personally
liable for the same, and suit may be brought against them or
any of them, or their heirs, executors or administrators, in any
court of record in this State, by any creditor or creditors
of said bank, and may be prosecuted to judgment and execu-
tion, any condition, covenant or agreement to the contrary
notwithstanding; but nothing herein contained shall be con-
strued to exempt said bank, or the lands, tenements, goods
and chattels of the same, from being also liable for and charge-
able with the said excess.

Debts not to
exceed
capital
paid in.

SEC. 18. And be it enacted, That half-yearly dividends shall
be made to the stockholders of so much of the net profits of
the bank as shall appear advisable to the president and
directors; such dividends shall be declared in the months of
June and December in each year, and shall be payable on the
second Monday of the ensuing month after they are declared.
If the directors shall at any time wilfully and knowingly
make or declare any dividend which shall impair the capital
stock, all the directors present at the making or declaring of
such dividend shall be liable in their individual capacities for
the amount or proportion of the capital stock so divided by
the directors.

Dividends.

SEC. 19. And be it enacted. That the lands, tenements and
hereditaments, which it shall be lawful for the said bank to
hold, shall be only such as shall be requisite for its immediate
accommodation for 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 contracted in
the course of its dealings, or purchased at sales upon judg-
ments or decrees, which shall have been obtained for such
debts, or for the foreclosure of mortgages, or at mortgagees'

Heal estate
bank may
hold.