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Session Laws, 1906 Session
Volume 479, Page 597   View pdf image (33K)
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EDWIN WARFIELD, ESQ., GOVERNOR.

597

appointing in the case of natural persons when so appointed;
and the corporation as such receiver, trustee or assignee
shall be subject to all lawful orders or decrees made by the
said court.
SEC. 8. And be it enacted, That the said corporation be and

CHAP. 326

is hereby authorized and empowered to receive and keep on
deposit, storage or otherwise, all such valuables as gold,
silver or paper money, bullion, precious metals, jewels, plate,
certificates of stock, evidences of indebtedness, promissory
notes, contracts, deeds or muniments of title, or other
valuable papers of any kind, or any other article or thing
whatsoever; and take charge and custody of real and per-
sonal estates and securities and advance money thereupon,
on such terms as may be established or approved by said
corporation; and it may be lawful for any court of this
State or the United States Court into which moneys, stocks,
bonds or other property may be paid or deposited by agree-
ment of parties, order, judgment or decree of such court, to
order and direct the same to be deposited with said corpora-
tion, and that any executor, administrator or other trustee or
receiver, agent or other public officer having the control of
any bonds, stocks, security, moneys or other valuables
belonging to others shall be and is hereby authorized to
deposit the same for safe-keeping with said corporation, and
that in all cases in which public officers, municipal or private
corporations may be authorized to deposit money, stocks,
bonds or evidences of indebtedness, such deposits by such
officers or corporations may be made with said corporation ;
and for the complete preservation of all articles or things so
deposited for safe-keeping, the said corporation may con-
struct, erect, purchase or lease such suitable buildings and
all other means which may be or become necessary, and to
maintain and let for hire vaults, safes and like receptacles.
SEC. 9. And be it enacted, That whenever any court shall

Receive and
keep on
deposit, etc.,
gold, silver
and bullion.

appoint the said corporation a receiver, trustee or assignee,
or shall order the deposit of money or other valuables of
any kind with said corporation, the capital stock of said
corporation shall be taken and considered as the security
required by law for the faithful performance of any duty
imposed upon it by the orders or decrees of such court,
unless the said court shall deem proper to require further
security; and the said corporation shall be absolutely liable

Capital stock
taken as
security.



 
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Session Laws, 1906 Session
Volume 479, Page 597   View pdf image (33K)
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