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Session Laws, 1888 Session
Volume 481, Page 673   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

owning not less than the aforesaid amount of
one-fourth of the stock of the corporation shall
have power to call a general meeting of the

673

stockholders, giving notice as aforesaid, and
specifying in said notice the object of such
meeting ; and it is hereby made the duty of the
president and directors of the bank, upon the
application of any 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.
SEC. 20. And be it enacted, That the lands,

Furnish list.

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
contracted in the course of its dealings, or pur-
chase at sales upon judgments or decrees which
shall have been obtained for such debts or fore-
closure of mortgages, or at mortgagee's sale or
sales in case where mortgages conferring power
on the mortgagees to sell the real estate men-
tioned 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-

Legally hold,
bond's, etc.

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 bind-
ing and obligatory upon the same in like man-
ner 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 the like effect as foreign bills of ex-
change now are, and those which are payable
43

Bills or notes
assignable.



 
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Session Laws, 1888 Session
Volume 481, Page 673   View pdf image (33K)
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