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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3236   View pdf image (33K)
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JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 377

to such court, the manner in which such investments

 

are made, and the security afforded to those by or

 

for whom its engagements are held ; and the ex-

 

penses of such investigation shall be defrayed by the

 

said company, or the court may, if deemed neces-

 

sary, examine the officers of said company, under
oath or affirmation, as to the security aforesaid.

 

SEC. 7. And be it enacted, That any executor, ad-

 

ministrator, guardian or other trustee or public

Deposit

officer having control of any bonds, stocks, securities,

 

monies or other valuables belonging to others, shall

 

be authorized to deposit the same for safe keeping

 

with said company.

 

SEC. 8. And be it enacted, That the said company

 

is hereby authorized and empowered to grant an-

Grant annuties

nuities upon such terms and surrenders as the com-

 

pany shall approve; to enter surety, and become

 

security for any person or persons for the faithful

 

performance of any trust, office, duty, contract or
agreement; and it is further authorized to become

 

sole surety in any and all cases where, by law, two

 

or more sureties are required for the faithful per-

 

formance of any trust or office, if, in the opinion of

 

the court, the said security shall be sufficient; and in

 

every such case the capital stock of the said company
shall be taken and considered as sufficient security

Capital stock
security.

therefor; but in such case the officers and affairs of

 

said company shall be subject to examination, and

 

its property and effects liable as aforesaid; audit

 

shall be lawful for said company to stipulate and

 

provide for imdemnity from the person or persons

 

for whom it shall so become responsible, and to en-

 

force any contract, pledge or other security, made

 

or given for that purpose as may be equitable and

 

fair.

 

SEC. 9. And be it enacted, That the said corpora-

Take, hold and

tion is authorized to take, have, hold and enjoy all

enjoy.

such estates, real, personal and mixed, as may be

 

obtained by the investment of their capital stock, and

 

all other monies or funds that may come into their

 

possession in the course of their dealing and busi-

 

ness ; and the same to sell, grant, mortgage, lease,

 

and dispose of at pleasure, and to execute, acknow-

 

ledge and deliver all deeds and other instruments of

 


 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3236   View pdf image (33K)
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