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Session Laws, 1906 Session
Volume 479, Page 421   View pdf image (33K)
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EDWIN WARFIELD, ESQ., GOVERNOR.

421

buy or sell bills of exchange, notes, bonds and other securi-
ties, may purchase and hold such real estate and personal
estate and property as may be necessary for the accommo-
dation and transaction of its business, may issue letters of
credit and other commercial obligations, and generally do
and transact a general banking business, and shall have
power to act as agent for the purpose of issuing, registering
or countersigning certificates of stock, bonds or other evi-
dences of debt of any State, corporation, association, munici-
pality or public authority on such terms as may be agreed
upon, to deal in exchange, foreign or domestic, and in every
and all descriptions of property, personal effects, securities,
mortgages, land, certificates of indebtedness, stocks of incor-
porated companies, notes, loans or bonds of the United
States, or of any city or county or municipality, or any incor-
porated company or any individual.

SEC. 5. And be it enacted, That whenever any deposits

CHAP. 260


shall be made by a minor or married woman, such deposits
shall be received or held and paid upon precisely the same
conditions as those of an adult male or adult female deposi-
tors, and the directors of said bank may, at their discretion,
pay to any minor or feme covert depositors such sum or
sums of money as may be due to him or her, and the check,
receipt or acquittance of such minor or feme covert shall be
valid, any law of this State to the contrary notwithstanding.

SEC. 6. And be it enacted, That said bank may receive


Deposits of
minors and
married
women.


upon storage, deposit or otherwise, mortgages, special plate,
bullion, stocks, promissory notes, certificates or evidence of
debt, contracts and all other personal property, and advance
money thereon on such terms as may be established of
approved by said bank; that in all cases in which public
officers or municipal or private corporations are authorized
to deposit money, stocks, bonds or other evidence of debt,
such deposit by such officer or corporation may be made in
said bank.

SEC. 7. And be it further enacted, That the provisions of


Safe keeping
and storage.


this Article are subject, however, to the legal operation and
effect of the Acts of 1892, Chapter 109, as amended by Acts
of 1904, Chapter 101, in reference to the stockholders'
liability of such company.

State laws to
control.



 
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Session Laws, 1906 Session
Volume 479, Page 421   View pdf image (33K)
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