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Session Laws, 1890
Volume 396, Page 591   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

591

SEC. 4. And le it further enacted, That said company shall


have and enjoy all and every manner of benefit and advantage of


the general powers, provisions and privileges, and be subject to


the general uegulations in article twenty-three, of the Code of


Public General Laws, as well as those granted and expressly given


by this act; provided, however, that in all cases and questions


that shall arise said general powers, privileges and provisions of


said section twenty-three, if inconsistent, shall, and in any manner

General

whatever, alter or diminish the general or special powers, privi-

powers.

leges, rights and advantages conferred and granted by this act,


and said general regulations in said article of said code shall in


nowise override, control or conflict with the letter or spirit of the


powers, rights and advantages conferred and granted by this act;


and provided, further, that in all doubtful cases of construction


or dispute in respect thereto, such literal constructions will be


given as will maintain and establish the rights, powers, privileges


and advantages granted and conf erred by this act.


SEC. 5. And be it further enacted, That in the event of an


increase of the capital stock of said company at any time, the

Increase

stockholders at such time shall be entitled to a pro rata share of


such increase.


SEC. 6. And be it further enacted, That in addition to the


powers conferred upon said company by its certificate of incor-


poration under the general laws of this State as aforesaid, the said


company is hereby authorized to increase the following powers :


first, to take, accept and execute any and all trusts or powers of


whatsoever kind or howsoever created, which may or can be taken,


accepted or executed by any natural person; second, to act as


executor, administrator, guardian, committee, receiver or assignee


in whatsoever manner appointed; third, to act as a fiscal, trans-


fer or general agent for any person, corporation or body politic


as fully as a natural person can act; fourth, to receive any per-


sonal estate or property on storage or safe deposit upon such


terms or rates of charge as may be agreed upon; fifth, to pur-

Additional

chase, invest in, and sell any kind of property, real, personal or

powers.

mixed, and to execute deeds or conveyances therefor; sixth, to


receive deposits of moneys, securities and other property from any


person or corporation, and accumulate the same, and to allow, in-


terest thereon at such rate as may be obtained or agreed upon not


exceeding the legal rate; seventh, to make insurance of every


kind pertaining to or connected with loss or damage as .well by fire


as by lightning, and to make, execute and perfect all such instru-


ments of writing as may be required therefor; eighth, to make


insurance of every kind pertaining to or connected with titles to real


or personal property and to make, execute and perfect all such in-


struments of writing as may be required thereupon, and to abstract


from the records of any court of this State or other record or other




 
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Session Laws, 1890
Volume 396, Page 591   View pdf image (33K)
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