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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.
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643
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ment, sale and disposition of their properties, also to buy, sell,
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improve and develop real estate.
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SEC. 9. And be it enacted, That in all cases where an applica-
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tion shall be made to any court or orphans' court having jurisdic-
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Court may
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tion for the appointment of a guardian of the estate of an infant
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appoint
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or lunatic, the said court shall have power to appoint said com-
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pany as guardian or committee of the estate of such infant or
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lunatic upon application on behalf of said parties.
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SEC. 10. And be it enacted, That said company is authorized
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and shall have discretionary power to invest at its pleasure,
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moneys received in trust, on deposit loaned, or otherwise; that it
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To Invest.
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is authorized to take, have, hold and enjoy all such estate, real,
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personal and mixed, as may be obtained with the moneys afore-
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said, and also with any, every and all other funds that may come
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into its possession in course of its business dealings, and the same
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may sell, grant, mortgage, lease and dispose of in its discretion,
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and execute, acknowledge and deliver all deeds or other papers
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and instruments conveying the same.
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SEC. 11. And be it enacted, That the said company shall be and
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is hereby authorized and empowered to insure the fidelity of per-
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sons holding places of trust or responsibility of any State, cor-
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poration, company, person or persons whatsoever, to endorse for
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and enter security and become security for the faithful performance
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of any trust, office, duty, contract or agreement, and to supersede
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any judgment, or to go upon any bond to appeal from any order,
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judgment or decree of any court of record, and it is further
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To insure
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authorized to become sole surety in all cases where by law two or
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fidelity,&c.
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more sureties are required for the faithful performance of any
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trust or office, and it shall be lawful for any court to approve said
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company as sole surety in all such cases, and in every such case
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the capital stock of said company shall be taken and considered
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as sufficient security therefor, but in such cases the officers and
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affairs of said company shall be subject to an examination, and
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its property and effects liable as aforesaid; and it shall be lawful
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for said company to stipulate and provide for indemnity from the
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parties aforesaid for whom it shall so become responsible, and to
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enforce any bond, contract, agreement, pledge or other security
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made or given for that purpose.
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SEC. 12. And be it enacted, That said company shall have power
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to guarantee, endorse and secure the payments and punctual per-
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formance and collection of notes, debts, bills of exchange, con-
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To endorse
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tracts, bonds, accounts, claims, rents, annuities, mortgages, choses
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in action, evidences of debt, certificates of property or value,
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checks and the title to property, indebtedness of individuals, of
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companies, partnerships, loans of States, cities, counties and muni-
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cipalities on such terms or commissions as may be agreed upon
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or established by said company and the parties dealing therewith.
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