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Session Laws, 1890
Volume 396, Page 649   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR. 649

companies, bills of exchange, foreign and domestic mortgages,
ground-rents, certificates of indebtedness, notes, loans, bonds of
the United States or any State, or of any city, county or muni-
cipality, or of any incorporated company, firm or individual, and
all descriptions of securities, property and personal effects; and
when moneys or security for moneys are borrowed or received on
deposit or for investment, the bonds or obligations of this com-
pany may be given therefor; but nothing in this act contained shall
be construed as giving this company the right to issue bills to
circulate as money; tenth, to make insurance of every kind per-
taining to or connected with titles to real estate, and to make, exe-
cute and perfect such, and so many contracts, agreements, policies
and other instruments as may be required therefor; eleventh, to take,
receive and hold any and all such pieces of real property as may be
the subject of any insurance made by this company under the powers
conferred by this act, or any amendment thereof, and the same to
grant, bargain, sell, convey and dispose of in any manner that this
company may see proper; twelfth, to guarantee, endorse and secure
the payment, punctual performance and collection of promissory
notes, bills of exchange, contracts, bonds, accounts, claims, rents,
annuities, moitgages, choses-in-action. evidences of debt, checks,
certificates of property or value, loans of States, cities, counties
or municipalities, indebtedness of corporations, partnerships or
individuals, et cetera, upon such terms or commissions as may be
agreed upon by this company and the parties dealing therewith;
and to take the charge, custody and management of any property,
real, personal and mixed, upon such terms as may be fixed by the
by-laws of this company, or agreed upon between it and the par-
ties dealing therewith; and to advance money, securities and
credit upon such property, upon such terms not inconsistent with
law, as may be so fixed or agreed upon, and with all such powers
of sale or other disposition thereof as shall be established by the
by-laws of this company; thirteenth, to receive and keep upon
deposit, as bailee, for safe-keeping and storage, jewels, plate, gold,
silver and paper money, bullion, bonds, securities, certificates of
stock, promissory notes, evidences of indebtedness and all other
valuables, including wills, deeds, muniments of title and valuable
papers of every kind, and any other articles or things whatsoever
which may be left or deposited with this company for safe-keep-
ing, and to guarantee their safety upon such terms, and for such
compensation as may be agreed upon, by this company and the re-
spective bailors thereof, and to let out vaults, safes and other
receptacles for safe-keeping of said property, and generally to
transact and perform all business relating to the deposit, safe-
keeping and preservation of all such valuables or articles as
may be deposited with this company, and also to invest the cap-
ital or funds which may be deposited with this company from
time to time, in the funds of the United States, or of this State,


 

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Session Laws, 1890
Volume 396, Page 649   View pdf image (33K)
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