LLOYD LOWNDES, ESQUIRE, GOVERNOR.

of court, shall have a preference in the distribution of assets
of said corporation.

527

4

SEC. 11. And be it further enacted, That any executor, ad-
ministrator or other trustee or public officer having the control
of any bonds, stocks, security moneys or other valuables
belonging to others, shall be and is hereby authorized to deposit
the same for safe keeping with said corporation; that in all
cases in which public officers, municipal or private corporation,
authorized to deposit money, stocks, bonds or evidence of debt,
such deposits by such officers or corporations may be made with
said corporation.

Deposits by
executors.

SEC. 12. And be it further enacted, That the said corpora-
tion shall have the power to receive and hold on deposit and
in trust, and as security, estates, real, personal and mixed,
including money, notes, bonds and obligations of States, com-
panies, corporations and individuals, and the same to purchase,
collect and adjust, settle, sell and dispose of, and upon such
terms as may be agreed upon between it and the parties con-
tracting with it.

May hold
trust estates.

SEC. 13. And be it further enacted, That said corporation
shall have power to act as the fiscal or transfer agent of any
State, municipality, body politic or corporation, and in such
capacity to receive and disburse money and transfer, register
and countersign certificates of stocks, bonds or other evi-
dences of indebtedness.

May act as
fiscal agent.

SEC. 14. And be it further enacted, That the said corpora-
tion may receive upon storage, deposit or otherwise, merchan-
dise, specie, plate, stocks, promissory notes, certificates and
evidence of debt, contracts and all other personal properties
whatsoever; take charge and custody of real and personal
estates and securities, and advance money thereupon on such
terms as may be established or approved by said corporation.

May receive
plate, etc.,
upon
storage.

SEC. 15. And be it further enacted, That said corporation
be and it is hereby authorized and shall have discretionary
powers to invest, at its pleasure, moneys received on deposit,
loaned or otherwise; provided, that said corporation, in the
investment of funds held by it as trustee, administrator, execu-
tor, assignee, guardian or committee, shall be subject to the
laws of this State and the rules of courts now existing or
hereafter passed governing investments of such funds by
natural persons when so acting as such trustee, administrator,
executor, assignee, guardian or committee; that it is authorized
to take, have, hold and enjoy all such estate, real, personal and

Investments
by company.