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Preferences
in case of
dissolution.
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SEC. 12. And be it further enacted, That in case of the
dissolution of said corporation the debts due from the cor-
poration as receiver, trustee, assignee, executor, adminis-
trator, guardian or committee, or depository of money, under
order of court, shall have preference in the distribution of
assets of said corporation.
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Power to
receive money
on deposit,
plate, bullion,
stocks, etc.
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SEC. 13. And be it further enacted, That the said corpora-
tion shall have power to receive money on deposit subject to
check or otherwise., evidences of debt for collection, for dis-
counter otherwise, merchandise, specie, plate, bullion, stocks,
bonds, promissory notes, certificates and evidences of debts,
contracts and all other proper personal property on storage, or
as collateral security, upon such terms as may agreed upon
or established by said company, and shall have the right to
guarantee, endorse and secure the payment, punctual per-
formance and collection of notes, debts, due bills, bills of
exchange, contracts, bonds, accounts, claims, rents, annuities,
mortgages and interest thereon, choses in action, evidences
of debt, checks, title to property, real, personal and mixed,
indebtedness of individuals or of copartnerships, firms, cor-
porations or joint stock companies, contracts or loans of
States, cities, counties and municipalities, upon such terms
or commissions as may be agreed upon or established by said
company and the parties dealing therewith, and shall have
power to act as the fiscal or transfer agent of any State,
municipality, body politic or corporate, and in such capacity
to receive and disburse money, and transfer, register and
countersign certificates of stocks, bonds or other evidences of
indebtedness, and to receive and manage any sinking fund of
any corporation on such terms as may be agreed upon.
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Power
to receive on
deposit and in
trust, estates,
real and
personal, etc.
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SEC. 14. And be it further enacted, That the said corpora-
tion shall have power to receive and hold on deposit and in
trust, and as security, estates, real, personal and mixed,
including money, notes, bonds and obligations of States, com-
panies, corporations and individuals, and the same to pur-
chase, collect and adjust, settle, sell and dispose of upon such
terms as may be agreed upon between it and the parties
contracting with it, and may pay interest on all deposits of
money which it may receive from individuals, corporations or
otherwise; and shall have power to receive deposits of money,
securities and other personal property from any person or
public or private corporation, upon such terms as may be
agreed upon, and to loan money on real or personal security;
provided, that no loan shall be made direcly or indirectly to
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