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ules of the proceedings of the, board: Article twentieth,
the shares of stock shall be transferred on the books of
the bank only in person or by power of attorney, but all
debts actually due and payable to the said bank by a
stockholder requiring a transfer must be satisfied before
such transfer shall be made, unless the president and
directors shall direct otherwise: Article twenty-first, the
lands, tenements and hereditaments which it shall be
lawful for the corporation to hold, shall be only such as
shall be requisite for its immediate accommodation in
relation to the convenient transaction of its business,
and such as have been bona fide mortgaged or convey-
ed to it by way of security or in satisfaction of debts
contracted in the course of their dealings or purchased
at sales upon judgments or decrees which shall have
been obtained for such debts, awl if the total amount of
debts which the said corporation shall at any time owe,
exclusive of its issues or notes usually denominated bank
notes, whether by bond, bill, note or contract shall not
exceed the double amount of the capital stock actually
paid into the bank; provided, that the money deposited
in the said bank for safe keeping shall not be consider-
ed as the debts of said bank within the provisions of
this clause, unless the contracting of any greater debt
shall have been previously authorised by law of the State,
and in case of excess, the directors under whose admin-
istration it shall happen, shall be liable for the same in
their natural and private capacities, and an action may
in such he brought against them or any of them, or their
heirs, executors or administrators, in any court of record
of this State by any creditor or creditors of the said
corporation, and may be prosecuted to judgments and ex-
ecution, any condition, covenant or agreement to the
contrary notwithstanding, but nothing herein contained
shall be construed to exempt the said corporation or the
lands, tenements, goods and chatties of the same from
being also liable for and chargeable with the said ex-
cess, and such of the said directors who may have been
absent when the said excess was created may respec-
tively exonerate themselves from being so liable by forth
with giving notice of the fact and of their absence or dis-
sent, to the Governor of the State and to the stockhol-
ders at a general meeting which they shall have power
to call for that purpose: and provided, nothing herein
contained shall be so construed as to confer the power
upon the president and directors to pay interest upon
monies deposited in said institution: Article twenty-
Second, all bills and notes which may be issued by order
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CHAP. 308,
Fundamental
articles.
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