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Session Laws, 1890
Volume 396, Page 639   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

639

and mixed, as may be obtained with the moneys aforesaid, and


also with any, every and all other funds that may come into its


possession in course of its business dealings, and the same may

To Invest
and dis-

sell, grant, mortgage, lease and dispose of, in its discretion and at

pose of.

its will and pleasure, and execute, acknowledge and deliver all


deeds and legal papers and any instruments concerning the same.


SEC. 11. And be it enacted, That the said company shall be


and is hereby authorized and empowered to insure the fidelity of


persons holding places of trust or responsibility of any State, cor-


poration, company, person or per so as whatsoever; to endorse for


and to enter security and become security for the faithful per-


formance of any trust, office, duty, contract or agreement, and to


supersede any judgment, or to go upon any bond, to appeal from


any order, judgment or decree of any court of record; and it is

Insure
fidelity,&c

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


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


to approve said compauy as sole surety in all such cases, and in


every such case the capital stock of the said company shall be


taken and considered as sufficient security therefor, but in such


cases the officers and affairs of said company shall be subject to


an examination, and its property and effects liable as aforesaid ;


and it shall be lawful for said company to stipulate and provide


for indemnity from the parties aforesaid 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. 12. And be it enacted, That said company shall have power


to guarantee, endorse and secure the payments and punctual per-


formance and collections of notes, debts, bills of exchange, con-


tracts, bonds, accounts, claims, rents, annuities, mortgages, choses

To endorse

in action, evidences of debt, certificates of property or value, checks


and the titles to property, indebtedness of individuals of compa-


nies, partnerships, loans of States, cities, counties and municipal-


ities on such terms or commissions as may be agreed upon or


established by said company and the parties dealing therewith.


SEC. 13. And be it enacted, That said company may receive


upon storage, deposit or otherwise, merchandise, specie, plate,


bullion, stocks, promissory notes, certificates and evidences of


debt, contracts, and all other personal properties whatsoever, take


charge and custody of real and personal estates and securities and

To receive

advance money thereupon on such terms as may be established


or approved by said company; 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. 14. And be it enacted, That it shall be lawful for said


company to sell at public auction or private sale in its discretion,




 
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Session Laws, 1890
Volume 396, Page 639   View pdf image (33K)
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