EDWIN WARFIELD, ESQ., GOVERNOR.

737

shall be at all times subject to withdrawal by the check or
order of the persons entitled and duly authorized to with-
draw the same.

SEC. 11. And be it enacted, That said company is author-

CHAP. 405

ized and shall have discretionary power to invest at its
pleasure all money received on deposit, loan or otherwise :
in cases in which public officers or municipal or private cor-
porations or other persons are authorized to deposit money,
stocks, bonds or evidences of debt, such deposits by such
officers or corporations or other persons may be made with
said company upon such terms and upon such liability as
may be agreed upon, but any deposit of money made by such
officers or corporations or other persons unless otherwise
stipulated, shall be regarded an ordinary general deposit,
may be made according to the custom and usage of banking ;
and said company shall have power and authority to provide
rules, regulations, by-laws or other means for and to deter-
mine all matters of arbitrament or award referred or sub-
mitted to it by order of any court, or as may be agreed upon,
provided or established by said court or by said parties.

SEC. 12. And be it enacted, That the said company shall

Discretionary
powers
granted.

be and it is hereby authorized and empowered to receive and
keep on deposit, as bailee for safe-keeping and storage, all
valuables, gold, silver or paper money, buillion, precious
metals, jewels, plate, certificates of stock or evidences of
indebtedness, deeds or muniments of title or other valuable
paper of any kind, or any other article or thing whatsoever,
which may be left or deposited for safe-keeping with said
company, and guaranteeing their safety upon such terms and
for such commissions or compensation as may be agreed
upon; and for the complete preservation and safe-keeping
thereof is hereby authorized to construct, erect, purchase,
lease or rent such fire or burglar-proof building, vaults, iron
or composition safes or other means which may be or become
necessary, and let vaults, safes and other receptacles for such
uses and purposes, and generally to transact and perform all
the business relating to such deposit and safe-keeping or
preservation of all such articles or valuables as may be
deposited with said company.

SEC. 13. And be it enacted, That said body corporate shall
have the right to make examinations and reports of the
24

Empowered to
do a general
trust and
storage
business.