336 ARTICLE 11.

incorporation and the location of same as set forth in such organization
certificate.

Cj. art. 23, sec. 4, et seq.

An. Code, sec. 44. 1910, ch. 219, sec. 43 (p. 19).

44. Upon the receipt of any such organization certificate at. the office of
the Bank Commissioner, if it shall not be in form and substance, or duly
and properly acknowledged, as required by this article, or shall not be
accompanied by evidence satisfactory to the Bank Commissioner of the
publication in good faith according to the intent and purpose of this article,
of the notice required in this article, the Bank Commissioner shall refuse to
file such certificate until it shall be amended in conformity to the provisions
of this article. If such certificate is in due form and duly executed, accord-
ing to the provisions of this article, and is accompanied by evidence satis-
factory to the Bank Commissioner of the proper publication in good faith
of such notice, he shall forthwith endorse the same over his official signa-
ture, " Filed for Examination," with the date of such endorsement.

An. Code, sec. 45. 1910, ch. 219, sec. 44 (p. 20).

45. The Bank Commissioner shall, before issuing a certificate of authori-
zation to any such corporation, examine or cause an examination to be
made in order to ascertain whether the requisite capital of such organiza-
tion has been paid in, in cash; and if it appears in such examination that
such capital has not been fully paid in in cash a certificate of authorization
shall not be granted; and no such corporation shall commence business
until such certificate of authorization has been granted.

An. Code, sec. 46. 1910, ch. 219, sec. 45 (p. 20). 1918, ch. 33. 1920, ch. 268, sec. 46.

1924, ch. 430.

46. Upon the filing of any such certificate of authorization of a trust
company, the persons named therein and their successors shall thereupon
and thereby become a corporation and shall possess the following powers:

First. To act as the fiscal or transfer agent of any State, municipality,
body politic or corporation; and in such capacity to receive and .disburse
money, to transfer, register and countersign certificates of stock, bonds, or
other evidences of indebtedness, and to act as agent of any corporation,
foreign or domestic, for any lawful purpose.

Second. To receive deposits of trust moneys, securities and other per-
sonal property from any person or corporation, and to loan money on real
or personal securities and to receive money on deposit.

Third. To lease, hold, purchase and convey any and all real property
necessary in the transaction of its business, or which the purposes of the
corporation may require, or which it shall acquire in satisfaction or partial
satisfaction of debts due the corporation under sales, judgments or mort-
gages, or in settlement or partial settlement of debts due the corporation by
any of its debtors.

Fourth. To act as trustee under any mortgage or bond issued by any
municipality, body politic or corporation, and accept and execute all other