ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

127

tion thereto; for encouraging the building of towns and the lay-

ing out of town sites, and of streets, alleys and avenues therein ;

for the erection of dwellings and other buildings for mechanics,

laborers and others, and selling and leasing the same; establish-

Mutual

ing summer resorts and otherwise promoting the development and

benefit.

prosperity of said counties and cities; and it shall be lawful for

any other companies or corporations chartered or to be chartered

under the laws of this State, to enter into any agreement with

this company which shall be for their common benefit and will

promote the objects, designs and purposes thereof.

SEC. 6. And be it enacted, That for the development of the

agricultural, mechanical, commercial and industrial interest of

the said counties and cities, or any of them, said company be and

it is hereby authorized to exercise any of the powers which under

the general corporation laws of this State may be exercised by any

Increase

trust or guarantee company, or trust and deposit company or loan

its capital

and improvement company now chartered, and said company

shall have full power and authority from time to time, to increase

the capital stock of said company to an amount not exceeding

five millions dollars.

SEC. 7. And be it further enacted, That all the grants, rights,

privileges and powers held under its charter to which this is an

amendment, shall be preserved and continued except the limita-

Existence.

tion to the counties contained in section one, which shall operate

upon the said charter as well as upon this amendment thereto,

and said company shall have perpetual existence and succession.

SEC. 2. And be it enacted, That this act shall take effect from

Effective.

the date of its passage.

Approved March 21, 1890.