The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1870-05-26

ueDtS proWuedi however, tnat u shali not
be lawful for any such corporation to hold
any real estate purchssed Mt sales upon
judgments Ms aforesaid. fur more than three
years, from ard after the time of such pur.
chase, when judie;ous sale thereof may be
effected within tho said three years.
ARTICLE xiv.
That the corporation shall not deal or
trade in anything except bills of exchange
promissory notes and bullioI. or in the
pre- cduee Of their lands or OF such goods and
effects as shall have been bona tide pledged
or mortgaged TO il by way of security or
conveyed TO it in satisfaction Of debts con.
traeted in the course Of its dealings. or pur
chased at sales upon judgments, which shall
have been obtained for such debts pr0vid.
ed, however, that nothing herein contained,
shall be construed TO prevent the said cor.
poration from making temporary invest.
ments OF its funds in purchase Of the public
debt of the United States, or any one Of the
United States. or Of the City Of Baltimore,
or of the county or other city in which said
corppration may he located, as the Presi.
dent and Directors for the time being may
deem safe and beneficial.
ARTICLE xy.
That all bills or notes which may be is.
sued by order of the said corporation. signed
by the President and countersignod " the
principal Cashier or Treasurer 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 binding and obligatory
upon the same in the like manner, and with
the like force and effect, us upon any pri-
vate person or persons, if issued by him or
them, in his, her or their private or natural
capacity or capacities and shall be assign.
able 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 en-
dorsement in like manner and with the like
effect Us foreign bills Of exchange now are,
aud those which are payable to bearer, shall
be negotiable or assignable by delivery only.
ARTICLE XVI.
That the shares Of capital stock of
the corporation shall be transferable on
the books of the corporation only, ac
eordlng to such rules us shall be estab.
lished by the President aud Directors,
but all debts actually due aud payable
to the corporation by stock holder re-
questing a transfer, must be satisfied
before such transfer shall be made,
unless the President aud Directors shall
direct TO the contrary.
ARTICLE XVII.
No loan shall be made by the said
corporation for the use or on account of
this State, or the United States, to an
amount exceeding Fifty Thousand dollars,
or to any other State Of this Union, or
to any foreign Prince or State, to any
amount whatever, without the previous
consent Of the Legislature and the
capital stock aud funds of the corpora
tiOu shall be deemed aud taken TO be
personal, aad not real estate.
ARTICLE XVIII.
The President aud Directors for the
time being shall give three weeks pub
lie notice, in at least two daily news.
papers published in the City Of Balti.
more, OF the time and place of holding
the annual election Of Directors, if the
corporation be located in the City ol
Baltimore, or in at least two newspapers
published 10 the county, if there be two
newspapers published in the county
""e,o '.e oorPHra,lol may pe located, II
"0' '0'"Yeu " sa,u Guy.
III, ~ AiioLh Ala
holders of the carEoraiiops created by
m 'n,' As', LOT e'ee'lo"s ana other purpo'
ss', w Pe'sou snah DC allowed 10 vote
on aay snare Ok S,lares ef stock at such
nee'ss ei'nsr in person or py proxy
uuie's 'ne sa,u person snail u required
~ ss00Anolaer; make oath before the
oeIes VI 'Fe ciec''on or otner ofhcers
oi tue meeting, lhat he Or she, as the
eI slse may pe, Is ,Ae iawiai and bona
nae owner Oh saiu stock, having pur-
Sna.sq aug paia OF secured payment
'oi e'ie sale, ,qii consideration, or re-
ce"eu Tue same py inheritance, bequest,
marriage oistrioation or glit and with
oa' any understanding that the said
STOCK Is 10 De transferred to the party
from whom 1t was received, or In cAse
oi voting " proxy or power OF attorney,
the person hoidiog such proxy or pow
er Of attorney, shall make oath or afir-
nation II required BY . stoekholder,
.hat De beiieVes ms principal Tor whom
ne oHers 10 vote, bought aud paid, or
e'1 80 ~ Pry n,; e"' io' ., .ne saia s'ocs
a.;a";sI sI'.,pe, !" .ha a''pa, ', tpae 'pe sa'o
pa p.,"t'P, IiJ;s y y .re pes' ~ h's sno~'edse
s ast.;S oS"ss, -. = w 'eai egaa l'ae owner
" " sa,u ,s" ."." ssoss na,,as ~ a,Iou 'ne same
anss, :, s"0 $3.50; uo m 's; ~ .aaeri'aoce, oe'