|
be and it 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,
securities, promissory notes, contracts, deeds or muniments
of title, or other valuable papers of any kind, or any other
article or thing whatsoever, and advance money thereupon
on such terms as may be establised or approved by said cor-
poration; and that in all case.s in which public officers or
municipal or private corporations are authorized to deposit
money, stock, bonds, securities or evidences of debt such
deposits by said officers or corporations may be made with
said company; and it may and shall be lawful for any of
the courts of this State or of any other State or United
States courts into which moneys, stocks, bonds or other
property may be paid or deposited by agreement of parties,
order, judgment or decree of such court, to order and direct
the same to be deposited with said corporation; and that
any executor, administrator, trustee, assignee, receiver, guar-
dian or committee, or State, county or municipal government,
or corporation, or public officer, or any person or persons
whatsoever having the custody or control of bonds, stocks,
securities, evidences of indebtedness, moneys or other valu-
ables, belonging to others, shall be and is hereby authorized
to deposit the same for safe keeping with said corporation ;
and for the complete preservation of all articles or things
deposited for safe keeping, the said corporation may con-
struct, erect, purchase or lease such suitable buildings, and
all other means which may or become necessary, and to
maintain and let for hire vaults, safes and like receptacles.
SEC. 14. And be it enacted, That the said corporation shall
have power to receive money on deposit subject to check or
|
Powers of
company.
|
|
|
otherwise, evidences of debt for collection, for discount or
otherwise, merchandise, specie, plate, bullion, stocks, bonds,
promissory notes and all other personal property on storage,
or as collateral security, upon such terms as may be agreed
upon or established by said corporation, and shall have the
right to guarantee, endorse and secure the payment, punctual
performance and collection of notes, debts, due bills, bills of
|
Authorized to
receive
money on
deposit, etc.
|
|