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Session Laws, 1890
Volume 396, Page 283   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

283

persons holding places of trust or responsibility in, to or under


any State, county, city, corporation, company, person or persons


whatsoever; to become security for the faithful performance of


any trust, office, duty, contractor agreement, and to supersede any


judgments, or to go upon any appeal or other bond; and it is


further authorized to become sole surety in all cases where by law

Powers.

two or more sureties are required for the faithful performance of


any trust or office, and it shall and may be lawful for any court,


register, clerk or other officer to approve said company as sole


surety in all such cases, but in such cases the officers and affairs


of said company may be subject to an examination by such court,.


register, clerk or other officers; and it shall be lawful for said com-


pany to stipulate and provide for indemnity from the parties afore-
said for whom it shall so become responsible, and to enforce any


bond, contract, agreement, pledge or other security made or given


for that purpose.


SEC. 5. And be it further enacted, That any and every court


into which moneys may be paid or deposited by agreement of


parties' order, judgment or decree of such court may order and


direct the same to be deposited with said company; and any indi-

Courts.

vidual or administrator, guardian, committee, receiver, assignee,


trustee, State, county or municipal government or corporation or


public officer, or any person or persons acting for others, having


the custody of any bonds, stocks, securities, moneys or valuables,


shall be authorized to deposit the same for safe keeping with the


said company.


SEC. 6. And be it further enacted, That said company shall have


power to guarantee, endorse and secure the payment and punctual


performance, and collection of notes, debts, bills of exchange,


contracts, bonds, accounts, claims, rents, annuities, mortgages,

Powers

choses-in-action, evidences of debt, certificates of property or


value, checks and the titles to property, indebtedness of individ-


uals, of companies, partnerships, contracts, loans of States, cities,


counties and municipalities on such terms or commissions as may-


be agreed upon or established by said company and the parties


dealing therewith.


SEC. 7. And be it enacted, That said company may receive upon


storage, deposit or otherwise, merchandise special, plate, bullion,


stocks, promissory notes, certificates and evidences of debt, con-


tracts and all other personal property, and advance money there-


upon on such terms as may be established or approved by said com-

Powers.

pany; that in all cases in which public officers or municipal or


private corporations are authorized to deposit money, stocks, bonds


or evidences of debt, such deposits by such officers or corporations


may be made with said company.


SEC. 8. And be it enacted, That said company shall not be au-




 
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Session Laws, 1890
Volume 396, Page 283   View pdf image (33K)
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