JOHN WALTER SMITH, ESQ., GOVERNOR.

899

SEC. 5. And be it enacted, That the directors shall have
the power to declare such dividends of the profits of said com-
pany as they may deem proper ; provided, that no dividend
shall be declared when the capital stock would be impaired
thereby.

CHAP. 616.

Dividends
declared.

SEC. 6. And be it enacted, That the president and directors
of the corporation hereby created shall have power to enact
and adopt such rules, regulations and by-laws for the govern-
ment and management of the affairs of said corporation as
they may deem advantageous to the interest thereof.

May adopt
rules,
regulations,
etc.

SEC. 7. And be it enacted, That the said corporation shall
have power to receive deposits of money, securities and other
personal property from any person or public or private corpo-
ration, upon such terms as may be agreed upon ; and to loan
money on real or personal security ; to deal in exchange, for-
sign and domestic, and in any or all kinds of property, personal
effects, securities, mortgages, lands, certificates of indebtedness,
stocks of incorporated companies, notes, loans or bonds of the
United States or of any 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 consenting thereto, directly or
indirectly, shall be liable to said corporation for the amount
so loaned and all losses or expenses that may result therefrom.

Authority to
receive
money on
deposit, etc.

SEC. 8. And be it enacted, That any and every Court into
which moneys may be paid or deposited by agreement of
parties or order, judgment or decree of such Court, may order
and direct the same to be deposited with said company, and
any individual or administrator, guardian, committee, receiver,
assignee, trustee. State, county or municipal government, or
corporation, or public officers, or any person or persons, acting
for others, having the custody of any bonds, stocks, securities,
moneys or valuables, shall be authorized to deposit the same
for safe keeping with said company.

Bonds,
stocks, etc.,
deposited
with
company
for
safe keeping.

SEC. 9. And be it enacted, That the said corporation shall
have power to guarantee, endorse and secure the payment and
collecting of notes, debts, bills of exchange, contracts, bonds,
mortgages, evidences of debt, certificates of property, checks
and the titles to property, real or personal indebtedness of
individuals, of companies, partnerships, contracts, loans of
States, cities, counties or municipalities, upon such terms or
commissions as may be agreed upon.
SEC. 10. And be it enacted, That the said company may
receive upon storage, deposit or otherwise, merchandise, gold,
silver or paper money, bullion, jewels, plate, certificates of

Authority to
guarantee
the collection
of notes,
etc.