FRANK BROWN, ESQUIRE, GOVERNOR.

337

city of the time and place of said annual election, which
election shall be conducted by three stockholders to be named
from the body of stockholders, one of whom shall be
designated to act as judge, and the other two as inspectors.

SEC. 5. And be it enacted, That the directors shall have

Notice of
election.

power to declare such dividends of the profits of the said
company as they may deem proper; provided, that no divi-
dend shall be declared where the capital stock would be
impaired thereby.

Dividends.

SEC. 6. And be it further enacted, That said company shall
have power to receive money on deposit, to act as agent for
the purpose of issuing, registering, or countersigning certifi-
cates of stock, bonds or other evidence of debt of any State
corporation, association, municipality or public authority, on
such terms as may be agreed upon; to deal in exchange,
foreign and domestic, and in every and all description of
properties, personal effects, securities, mortgages, land, certifi-
cates of indebtedness, stocks of incorporated companies, notes,
loans on bonds of the United States, or of any city, county or
municipality, or of any incorporated company, or any indi-
vidual.

May receive
deposits of
money.

SEC. 7. And be it further enacted, That said company
shall be and is hereby authorized and empowered to insure the
fidelity of persons holding places of trust or responsibility, to
or under any State, county, city, corporation, company, person
or persons whatsoever; to become security for the faithful per-
formance of any trust, office duty, contract or agreement, and
to supersede any judgment, or to go upon any appeal or other
bond; and it is further authorized to become sole surety in all
cases where by law two or more sureties are required for the
faithful performance of any trust or office, and it shall and
may be lawful for any court register, clerk or other officer to
approve said company as sole surety in all such cases; but in
such cases the officers and affairs of said company may be
subject to an examination by such court register, clerk or other
officers; and it shall be lawful for such company to stipulate
and provide for indemnity from the parties aforesaid for whom
it shall so become responsible, and to enforce any bond, con-
tract, agreement, pledge or other security, made or given for
that purpose; that said corporation shall be subject at all times
to the provisions of the act of 1892, chapter 109, and to the
act of 1892, chapter 279, or any amendments or supplements
thereto.

May give
bond for
any person.