PRIVATE ACTS. 1349

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 pro-
visions 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 execution,
any condition, covenant or agreement to the contrary notwith-
standing; but nothing herein contained shall be construed to
exempt said bank, or the lands, tenements, goods and chattels
of the same from being also liable for and chargeable with the
said excess.

SEC. 19. 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.

SEC. 20. 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 the mortgagees' sales
in cases where mortgages conferring power on the mortgagee
to sell have been executed or assigned to said bank to secure

debts.

SEC. 21. And be it enacted, That the shares of capital stock
of said bank shall be transferable on the books of the bank
only, according to such rules as shall be established by the
president and directors; but all debts actually due and payable
to the bank by a stockholder requesting a transfer of shares
must be satisfied before such transfer shall be made.

SEC. 22. And be it enacted, That no loan shall be made by
the bank for the use of or on account of this State or the United