EDWIN WARFIELD, ESQ., GOVERNOR.

1245

SEC. 3. And be it further enacted, That the said body cor-
porate be and it is hereby authorized to receive money on
deposit subject to check or otherwise, and allow interest on
such deposits as it may see fit; to receive evidences of debt
for collection, and chattels, stocks and all paper writing on
storage, upon such terms as may be agreed upon; and said
body corporate shall also have power and is hereby authorized
to purchase and hold, bargain and sell, grant, assign, lease
and convey land or any interest or estate therein, chattels,
choses in action, checks, notes, bills of exchange, certificates
of deposit, warehouse receipts, stocks, bonds, mortgages on
real or leasehold property, and any and every evidence of
debt; to advance money upon the security thereof by
receiving and holding the same or accepting mortgages
thereon, and generally to deal in every and all descriptions
of properties, personal effects, securities, mortgages, land,
certificates of indebtedness, stocks of incorporated com-
panies, loans on bonds of the United States or of any State,
county or municipality, or of any incorporated company or
individual, and to exercise all the powers and privilege of a
bank of discount and deposit.

SEC. 4. And be it further enacted, That said body corpo-

CHAP. 736

Certain
powers
granted.

rate shall have power to act as the fiscal or transfer agent
or depository 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 fund of any corporation on
such terms as may be agreed upon.

SEC. 5. And be it further enacted, That the said body cor-

Hay act as
fiscal or
transfer
agent, etc.

porate shall have the right from time to time to increase
its capital stock up to twenty thousand shares of the par
value of twenty-five dollars each, provided the holders of a
majority of the stock then issued vote in favor of such
increase.

SEC. 6. And be it further enacted, That the directors of

May increase
the capital
stock.

said body corporate shall have the power to declare such
dividends of the profits of said body corporate as they may
deem proper; provided, that no dividend shall be declared
when the capital stock will be impaired thereby.

Dividends
declared.