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Session Laws, 1904
Volume 209, Page 387   View pdf image
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EDWIN WARFIELD, ESQ., GOVERNOR.

387

other persons are authorized to deposit money, stocks, bonds

 

or evidences of debt, such deposits by such officers or corpora-

 

tions or other persons may be made with said company upon

 

such terms and upon such liability as may be agreed upon ;

 

but any deposit of money made by such officers or corporations

 

or other persons, unless otherwise stipulated, shall be regarded

 

as an ordinary general deposit, made according to the custom

 

and usage of banking, and said company shall have power and

 

authority to provide rules, regulations, by-laws or other means

 

for and to determine all matters of arbitrament or award re-

 

ferred to or submitted to it by order of any court, or as may

 

be agreed upon, provided or established by said court or by said

 

parties.

 

SEC. 12. And be it enacted, That the said company shall be

 

and it is hereby authorized and empowered to receive and keep

Empowered to
do a general

on deposit, as bailee for safe keeping and storage, all valuables,

trust and stor-

gold, silver or paper money, bullion, precious metals, jewels,

age business.

plate, certificates of stock, or evidences of indebtedness, deeds

 

or muniments of title, or other valuable paper of any kind,

 

or any other article or thing whatsoever, which may be left or

 

deposited for safe keeping with said company, and guaran-

 

teeing their safety upon such terms and for such commissions

 

and compensation as may be agreed upon, and for the complete

 

preservation and safe keeping thereof, is hereby authorized to

 

construct, erect, purchase, lease or rent such fire or burglar-

 

proof building, vaults, iron or composition safes or other means

 

which may be or become necessary, and let out vaults, safes

 

and other receptacles for such uses and purposes, and generally

 

to transact and perform all the business relating to such de-

 

posit and safe keeping or preservation of all such articles or

 

valuables as may be deposited with said company.

 

SEC. 13. And be it enacted, That the said body corporate

 

shall have the right to make examinations and reports of ac-

To act as ac-

counts and financial condition of corporations, firms or indi-

countants and
auditors.

viduals for the use of banks, other financial institutions, bank-

 

ing firms or others proposing to make contracts with or to

 

afford credit to such corporations, firms or individuals, and

 

to make such examination and reports for the use and informa-

 

tion of directors, officers or others concerned, or for any other

 

lawful purpose; also to collect information of general, finan-

 

cial and commercial interest, and to make publication and dis-

 

tribution thereof, and to receive compensation for such ser-

 

vices. The said corporation shall be authorized to purchase,

 

acquire, hold and dispose of the stocks, bonds and other evi-

 


 
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Session Laws, 1904
Volume 209, Page 387   View pdf image
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