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Sub-Sec. 2. That if any money or security for
the payment of money shall be entrusted to any
banker, broiler, merchant, attorney or other agent
with any direction in writing to apply such mo-
ney or any part thereof, or the proceeds or any
part of the proceeds of such security for any pur-
pose specified in such direction, and he shall, in
violation of good faith and contrary to the pur-
pose so specified, in anywise convert to his own
use or benefit such money, security, or proceeds,
or any part thereof respectively, every such offend-
er shall be guilty of a misdemeanor, and being
convicted thereof shall be imprisoned in the Pen-
itentiary for a term of not more than ten years or
less than three years, and be fined not more than
five thousand nor less than one thousand dollars ;
and if any chattel or valuable security, or any
power of attorney for the sale or transfer of any
share or interest, or certificate of any share or
interest in any stock of this or of any other State
or of the United States, or of any foreign State,
or in any funds or capital stock of any body cor-
porate, company or society shall be entrusted to
any banker, broker, merchant, attorney, or other
agent, for safe custody, or for any special purpose
without any authority to sell, negotiate, transfer
or pledge, and he shall, in violation of good faith
and contrary to the object or purpose for which
such chattel, or security, or power of attorney
shall have been entrusted to him, sell, negotiate,
transfer, pledge, or in any manner convert to his
own use or benefit such chattel or security or the |
Penalty for
fraud. |
