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Session Laws, 1882 Special Session
Volume 418, Page 779   View pdf image (33K)
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WM. T. HAMILTON, ESQUIRE, GOVERNOR.

779

and also forty-five to seventy-seven, inclusive, and

 

any amendments now existing affecting said sections

 

of an act, entitled "An act to repeal article seventy-

 

six of the Code of Public General Laws," and to

 

enact a substitute therefor, and to repeal section

 

twenty-two of article sixteen, sections ninety-nine to

 

one hundred and three of the same article, and sec-

 

tions thirty-three to forty-three of article eighty-eight

 

-of the Code of Public General Laws, passed at the

 

January session of eighteen hundred and sixty eight;

 

provided, however, that in any cases and questions

 

that shall arise, said general powers, privileges and

 

provisions of said section of the said act of eighteen

 

hundred and sixty-eight, chapter four hundred and

 

seventy-one; and any amendments now existing

 

affecting the same shall not, if inconsistent, interfere

 

with, or in anywise whatever alter or diminish the

Diminish or

general or special powers, provisions, privileges,

alter powers.

rights and advantages conferred or intended to be

 

granted by this act; and that said general regula-

 

tions of said sections of said act and amends as

 

aforesaid shall in nowise override, control, or con-

 

flict with the letter or spirit of the special or general

 

regulations or provisions, powers, rights and advan-

 

tages conferred or intended to be conferred by this

 

act; and provided further, that in all doubtful eases,

How con-
strued.

constructions or disputes arising in respect thereof,

 

such liberal construction shall be given as will in

 

respect thereof, maintain and establish the rights,

 

powers, privileges and advantages, provisions and

 

regulations generally and specially provided, granted

 

and conferred or intended to be conferred by this

 

act.

 

SEC. 8. And be it enacted, That the capital stock

 

of said company shall be invested in bonds and

 

mortgages upon fee simple or leasehold estate, or in

 

securities or bonds of the United States, or in stocks,

Capital stock-

securities or bonds of States, or of incorporated

how invested.

cities, or in such real estate as may be required for

 

the use of the company in the erection of a suitable

 

building in which to carry on its business, in the

 

discretion of the said company.

 

SEC. 9. And be it enacted, That said company

 

shall have power to receive money in trust and

Receive mon-

accumulate the same at such legal rate of interest

ey in trust.

as may be obtained or agreed on, or to allow interest

 


 
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Session Laws, 1882 Special Session
Volume 418, Page 779   View pdf image (33K)
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