JOHN WALTER SMITH, ESQ., GOVERNOR.

501

SEC. 10. And be it enacted, That in case of the dissolution
of said corporation the debts due from the corporation as
receiver, trustee or assignee, or depository of funds under
order of any court or courts shall be preferred in the distri-
bution of the assets of said corporation.

Preferences
in case of

dissolution.

SEC. 11. And be it enacted, That the said corporation shall
have power to receive and hold, on deposit and in trust, and
as security, estate, real and personal and mixed, including
notes, bonds, obligations of States, companies, corporations
and individuals, and the same to purchase, collect, adjust,
settle, sell and dispose of upon such terms as may be agreed
upon between them and the parties contracting with them.

Power
to receive on
deposit as
security,
estates real
and personal.

SEC. 12. And be it enacted, That the said corporation shall
have power to receive deposits of money, securities and other
personal property from any person, or public or private cor-
poration, upon such terms as may be agreed upon, and to
loan money on real or personal security; to deal in exchange,
foreign and domestic, and in any and all descriptions of prop-
erties, personal effects, securities, mortgages, lands, certifi-
cates of indebtedness, stocks of incorporated companies, notes,
loans, or bonds of the United States, or of any city, State,
city, county or municipality, or of any incorporated company,
or of any individual.

power
to receive
deposits of
money, loan
money, etc.

SEC. 13. And be it enacted, That the said corporation
shall have power to guarantee, endorse and secure the pay-
ment and collection of notes, debts, bills cf exchange, con-
tracts, bonds, mortgages, evidences of debt, certificates of
property or value checks, and the titles to property, real or
personal, indebtedness of companies, partnerships, loans of
States, cities, counties, municipalities, on such terms or com-
missions as may be agreed upon or established by said cor-
porations and the persons or corporate dealing therewith;
to act as the fiscal or the transfer agent of any State, munici-
pality, body politic or corporate, and in such capacity to
receive and disburse money, and transfer, register and counter-
sign certificates of stock, bonds or other evidences of indebt-
edness; and to receive and manage any sinking fund of any
corporation on such terms as may be agreed upon.

Power to
guarantee
payment of
notes, titles to
property, etc.

SEC. 14. And be it enacted, That the said corporation shall
have power to invest its capital and the increment thereof, or
such funds as may be deposited with the said corporation for
that purpose, from time to time, in bonds and mortgages upon
fee simple or leasehold estate, or in securities or bonds of the
United States, or in any stock or property whatsoever, and to

Authority
to invest its
capital, and
manner of.