JOHN WALTER SMITH, ESQ., GOVERNOR.

mortgage, lease and dispose of at its pleasure, and to execute
and acknowledge and deliver all deeds and other legal papers
and instruments of writing concerning the same; and said cor-
poration shall have power and authority to provide rules,
regulations, by-laws or otherwise, for and to determine all
matters of arbitrament or award referred or submitted to it
by order of any court, or agreement of parties in interest
whatsoever, upon such terms as may be agreed upon, pro-
vided or established by said courts or said parties.

613

SEC. 1 6. 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, includ-
ing 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 shall have discretionary powers to invest at its
pleasure all moneys received on deposit, loan or otherwise;
provided, however, that the said corporation shall make no
investment or disposition of any money or property deposited
with or held by it under the order or decree of any court,
without the authority of such court first had and obtained.

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

SEC. 17. And be it further enacted, That any officer, agent or
employe of said corporation who shall apply any of the
deposits of any kind of said corporation to his use, or to the
use of any person or persons not entitled thereto, without the
consent of the owner of such deposits, shall be deemed guilty
of embezzlement, and upon conviction thereof in any court of
this State, shall be punished by imprisonment in the peniten-
tiary of this State for a term of not less than one or more than
ten years, and shall be responsible in any suit in law for all
injury, loss, expense or damage incurred by reason of his
prosecution or in consequence of his act, either to said cor-
poration or to any party aggrieved, damaged or injured thereby.

SEC. 18. And be it further enacted, That the said corpora-
tion shall be subject to the provisions of Chapter one hun-
dred and nine of the Acts of the General Assembly of eighteen
hundred and ninety-two, and all amendments thereto, provided

Fraudulent
acts of
officers.

Penalty.