. . . this State, to hold any portion of the capital stock of said company; nor shall any body corporate, bank, or company in this State, holding stock of said Company, be entitled to vote at any election for Directors of said Company.

Sec[Section] 10^t That in case of any loss or losses taking place which shall be equal to the amount of the capital stock of said Company, and the President and Directors after knowing of such loss or losses having taken place, shall subscribe to pay any policy of Insureance, their estates, jointly and severally, shall be accountable for any and every loss which shall take place under policies so subscribed; and the estates of the stockholders as aforesaid, shall be liable to any losses equal to the amount of said capital stock subscribed, and not actually paid in, in all cases of losses exceeding the means of said Company, whether they consist of stock paid in, or profits not divided.