FRANK BROWN, ESQUIRE, GOVERNOR.

of the stockholders owning not less than one-fourth of the
capital stock, to furnish to such stockholders a full and correct
list of the names of all the stockholders of the bank.

793

SEC. 16. And be it enacted, That the lands, tenements and
hereditaments, which it shall be lawful for 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
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 mortgagee's sale
or sales in case where mortgages 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.

Real estate
bans may
hold.

SEC. 17. 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 pay-
ment 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 corporation in like
manner and with the like force and effect as upon any 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 order, shall be assignable by endorsement in like manner
and with like effect as foreign bills of exchange now are,
and those which are payable to bearer shall be negotiable or
assignable by delivery only.

Liability
upon bills
and notes.

SEC. 18. And be it enacted, That no loan shall be made by

the corporation for the use of this State or the United States,
or to any one corporation or person, an amount exceeding
five thousand dollars; or to any other State of this Union, or
to any foreign province or State to any amount whatsoever,
without the previous consent of the legislature; and the capital
stock and funds of said corporation shall be deemed and taken
to be personal, not real estate.

Restrictions
upon loans

SEC. 19. And be it enacted, That it shall not be lawful for
the said corporation to make discounts or pay out any funds
or money other than gold or silver coin or legal tender notes,

Legal
currency.