1876.] OF THE SENATE. 881

perty, real or personal, on such terms or commissions as may
be established or approved by the directors of said Company;
but no rate of interest to exceed the legal rate of interest per
annum, shall be charged or received by said Company in any
transaction, and to receive and hold on deposit and in trust
estate, real and personal, including the notes, bonds, obliga-
tions and accounts of States, and of individuals and of com-
panies, and of corporations, and the same to purchase, col-
lect and adjust and settle, and also to sell and dispose thereof
in any market in the United States or elsewhere, as may be
agreed on between it and the parties contracting with it.
That the said corporation shall also possess and have the
power to make insurance for the fidelity of persons holding
places of responsibility; it shall be lawful for said Company
to sell at public auction or private sale, all property of what
kind soever, mentioned or specified in the contract between
the Company and other parties after ten days shall have
elapsed from the time of the maturity of any obligation un-
der said contract, or immediately upon the discovery of any
fraud, misrepresentation or concealment in regard to the
the ownership, character or any other matter relating to
the property mentioned in or effected by said contract; and
to reimburse itself out of the avails of such sale for the money
due it with interest, storage, cost and charges, and to indem-
nify itself for any loss it may have sustained by the non-ful-
fillment of fetich contract ; that the said corporation shall
have power to receive and hold on deposit, and in trust and
as security, estate real, personal and mixed, including notes,
bonds and ohligations of States, companies, corporations and
individuals, and the same to purchase, collect, adjust, settle,
sell and dispose of in any manner upon such terms as may
he agreed upon between it and the parties contracting with
it; and also shall have power to receive upon deposit, for
safe keeping, money, jewelry, plate, stocks, deeds, bonds
and valuable property of every kind, upon the terms to be
prescribed by the by-laws of the said corporation, and shall
have power to make insurance for the fidelity of persons
holding places of responsibility and trust; provided, that
nothing herein contained shall authorize said company to
engage in the business of banking ; to deal in exchange, for-
eign and domestic ; to create a fund to be loaned on real or
leasehold property for such periods and payments as may be
agreed on not exceeding the legal rate of interest, such loans
to be subject to all the provisions and to have all the privil-
eges relating to Homestead or Building Associations as now
provided by law and the enactments of this Article thereunto
in anywise appertaining ; the said Company shall have pow-
er to receive money on deposit and to loan money on securi-