JOHN WALTER SMITH, ESQ., GOVERNOR.

705

corporation or corporations, to whom advances as aforesaid
may be made ; and to have the right to issue bonds or mort-
gages, or debenture bonds, payable at a future date, pledging
its mortgages on real estate and other securities as security
therefor.

CHAP. 479.

SEC. 14. And be it further enacted, That said company shall
have power to act as the fiscal or transfer agent or depositary
of any State, municipality, body politic or corporate, and in
such capacity to receive and disburse money and transfer,
register and countersign certificates of stock, bonds or other
evidences of indebtedness, and to receive and manage any
sinking funds of any corporation on such terms as may be
agreed upon.

May act as
fiscal
or transfer
agent.

SEC. 15. And be it further enacted, That said company
may take and receive upon deposit as bailee, for safe keeping
and storage or otherwise, merchandise, paper money, specie,
jewelry, plate, bullion, stocks, bonds, promissory notes, securi-
ties, certificates and evidences of debt, contracts, deeds and all
other valuable personal property, and guarantee their safety and
advance money thereupon on such terms and for such com-
pensation as may be agreed upon by it and the respec-
tive bailors thereof ; to own and control and let out burglar-
proof vaults, safes, safe deposit boxes and other receptacles
which may be or become necessary for the uses and purposes
of eaid company ; and in all cases in which public officers or
municipal or private corporations are authorized to deposit
money, stocks, bonds or evidences of debt, such deposits by
such officers or corporations may be made for safe keeping
with said company.

Authority to
receive
on deposit,
etc.,
valuables of
all kinds.

SEC. 16. And be it further enacted, That the president,
vice-presidents and directors of the company hereby created
shall have power to enact and adopt such rules, regulations
and by-laws for the government and the management of the
affairs of said company as they may deem advantageous to
the interest thereof ; provided, the same be not contrary to
the law of the land.

May adopt
rules,
regulations,
etc.

SEC. 17. And be it further enacted, That said company shall
have power to declare such dividends of the profits of said
company as they may deem proper ; provided, that no divi-
dend be declared when the capital stock would be impaired
thereby.

Dividends
declared.

SEC. 18. And be it further enacted, That said corporation
shall be subject at all times to the provisions of the Acts of
1892, chapters 109 and 279, and Acts of 1896, chapter
160, or amendments or supplements thereto, and to the pro-

45

Subject to
certain ;
provisions.