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Session Laws, 1902 Session
Volume 476, Page 915   View pdf image (33K)
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JOHN WALTER SMITH, ESQ., GOVERNOR.

915

SEC. 6. And be it enacted, That the directors shall have
power to declare such dividends of profit of the said corpora-
tion as they may deem proper; provided, that no dividends
shall be declared when the capital stock and two thousand
dollars of the surplus would be impaired thereby.

CHAP. 626.

Dividends
declared.

SEC. 1. And be it enacted. That the said company shall
have power to receive money on deposit, to act as agent for
the purpose of issuing, registering or countersigning certifi-
cates of stock, bonds or other evidences of debt of any State,
corporation, association, municipalities, or public authority, on
such terms as will be agreed upon; to deal in exchange, foreign
and domestic, and in every and all descriptions of property,
personal effects, securities, mortgages, lands, certificates of
indebtedness, stock of incorporated companies, notes, loans or
bonds of the United States, or of any city, county or munici-
pality, or of any incorporated company or of any individual.

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, order, judgment or decree of said Court, may order
and direct the same to be deposited with said company, and
any individual or administrator, guardian, committee, receiver,
assignee, trustee, State or county or municipal government or
corporation, or public officer, or any person or persons acting
for others, having the custody of any stocks, securities, moneys
or values, shall be authorized to deposit the same for safe
keeping with the company; but nothing contained in this
Act shall be construed to relieve any such persons depositing
with said company, as authorized by any section hereof, from
any legal liability for such deposit, unless he shall have been
ordered to make the same by the proper Court.

Court may
order money
and
valuables
of all kinds
to be
deposited
with said
company.

SEC. 9. And be it enacted, That the said company may
receive upon storage, deposit or otherwise, merchandise,
specie, plate, bullion, stock, promissory notes, certificates and
evidence of debt, contracts and all other personal property,
and advance money thereon, on such terms as may be estab-
lished or approved by said company; that in all cases in which
public officers or municipal or private corporations are author-
ized to deposit money, stock, bonds or evidences of debt, such
deposits by such officers or corporations may be made with
eaid company.

May receive
upon storage
merchan-
dise, specie,
etc.

SEC. 10. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as maybe obtained by the investments of
their capital stock, and all other moneys or funds that may
come into their possession in the course of their dealings and
business, and the same to sell, grant, mortgage, lease and dis-

Certain
privileges
granted.



 
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Session Laws, 1902 Session
Volume 476, Page 915   View pdf image (33K)
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