EDWIN WARFIELD, ESQ., GOVERNOR

611

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 for collection or
for storage, chattels, stocks, evidences of indebtedness and
all paper writings; to collect rents, ground rents, interest on
mortgages, dividends and incomes of all kinds, upon such
terms as it may arrange; and said body corporate shall have
the power, and is hereby authorized to purchase and hold,
bargain and sell, grant, assign, lease, mortgage and generally
deal in land or any 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 securing and
holding the same, or accepting or lending money on mort-
gages thereon; to loan money or to discount notes in accord-
ance with bank usages, taking such security therefor, real
or personal, as the board of directors or their constituted
agents may deem sufficient; and generally to deal in every
and all descriptions of properties, personal effects, securi-
ties, mortgages, lands, certificates of indebtedness, stocks of
incorporated companies, loans on bonds of the United States
or any city, county or municipality, or of any incorporated
company or individual.

CHAP. 333

May receive
money on
deposit, etc.

SEC. 4. And be it further enacted, That said body corporate
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 two-thirds
of the stock then issued vote in favor of such increase.

SEC. 5. And be it further enacted, That the directors of

May Increase
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 dividends shall be declared
when the capital stock will be impaired thereby.

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

Dividends
declared.

said body corporate shall be liable to the amount of their
respective share or shares of stock in said body corporate
for all its debts and liabilities upon note, bill or otherwise.

SEC. 7. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 3, 1906.

Stockholders
liable.