JOHN WALTER SMITH, ESQ., GOVERNOR.

fully paid in, the said corporation shall be entitled to begin
the prosecution of any business under its charter, and when
the par value of any share shall have been fully paid, the same
shall thereupon become non-assessable and non-liable for or
on account of any purpose whatever; and said body corporate
shall have the right to increase its capital stock from time to
time by a majority vote of the stockholders at a special meet-
ing or meetings to be called and held for that purpose to any
sum or sums not exceeding ten million dollars.

445

SEC. 3. And it shall be further enacted, That the said body
corporate shall have the right to purchase and hold, bargain
and sell, grant, assign and convey land or any interest or
estate therein, chattels, choses in action, checks, notes, bills
receivable, bills payable, bills of exchange, due bills, cer-
tificates of deposit, warehouse receipts, stocks, bonds, mort-
gages on real, leasehold, chattel property, and every and any
evidence of debt, to advance money upon the security thereof,
to receive and to hold the same on storage or deposit or other-
wise upon such terms as may be established or approved by
said company, or of accepting mortgage or other liens
thereon, and generally to deal in every and all descriptions of
property or properties, personal effects, securities, mortgages,
land, certificates of indebtedness, stock or incorporated com-
panies, loans on bonds of the United States, or of any incor-
porated company, copartnership, joint stock company or
individual, upon such terms as may be established or approved
by said corporation.

Manner of
conducting
business.

SEC. 4. And be it further enacted, That said body cor-
porate shall have the right to guarantee the security, integ-
rity and income of investments in mortgages upon real or
leasehold property, or chattel interests in ground rent annui-
ties, in stocks and bonds of any State, City, county, munici-
pality or corporation or joint stock company or co-partner-
ship, to guarantee the validity of title to real, leasehold or
chattel property, and to guarantee the payment of credit or
of any part thereof given or extended by or to any person or
persons, firm or firms, copartnership or copartnerships, cor-
poration, or corporations, joint stock company or joint stock
companies.

Right to
guarantee the
security and
income of
investments,
etc.

SEC. 5. And be it further enacted, That the said body
corporate shall have the right to invest upon such terms as
may be agreed upon or established by said corporation any
sum or sums of money in any mercantile, manufacturing,
commercial or other business, or in any lawful enterprise

Right to invest
sums of
money in
various ways.