LLOYD LOWNDES, ESQUIRE, GOVERNOR.

bonds of the United States, or of any other State, city, county
or municipality, or of any incorporated company, or of any
individual; provided, that no loan shall be made directly or
indirectly to any officer or employe of said corporation; and
for any violation of this provision the party or parties consent-
ing thereto, directly or indirectly, shall be liable to said corpo-
ration for the amount so loaned, and all expenses or losses which
may result therefrom.

SEC. 13. And be it enacted, That the said corporation shall

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have power to guarantee, endorse and secure the payment and
collection of notes, debts, bills of exchange, contracts, bonds,
mortgages, evidences of debts, certificates of property, or value
checks, and the title to property, real or personal, indebtedness
of companies, partnership, loans of States, cities, counties, mu-
nicipalities, on such terms or commissions as may be agreed
upon or established by said corporation, and the persons or
corporations dealing therewith, to act as the fiscal or transfer
agent of any State, municipality, body politic or corporate, and
in such capacity to receive and disburse money, and transfer,
register and countersign certificate of stock, bonds, or other
evidences of indebtednes; and to receive and manage any
sinking fund of any corporation on such terms as may be agreed
upon.

SEC. 14. And be it enacted, That the said corporation shall
be, and is hereby, authorized and empowered to insure the
fidelity of persons holding places of trust or responsibility, of
any State corporation, company, person or persons whatsoever,

May endorse
notes, etc.

to endorse and become security for the faithfully performance
of any trust, office, duty, contract or agreement, to supersede
any judgment or become surety upon any bond for appeal from
any order, judgment or decree of any court of record or jus-
tice of the peace; and it is further authorized to become sole
surety in all cases where by law two or more sureties are
required for the faithful performance of any trust or office, and
it shall and may be lawful for any court to approve said corpo-
ration as sole surety in all such cases; and in every such case
the capital stock of said corporation shall be taken and consid-
ered as sufficient security therefor; but in all such cases the
affairs and effects of said corporation shall be subject to an
examination, if the court should deem it necessary, and the
said court may examine under oath the officers of said corpo-
ration in relation to the affairs, property and effects of said
corporation; and it shall be lawful for said corporation to stip-
ulate and provide for indemnity from the parties aforesaid, for

Mav insure
fidelity of
officials, etc.