LLOYD LOWNDES, ESQUIRE, GOVERNOR.

moneys or other valuables belonging to themselves or others,
shall be and are hereby authorized to deposit the same for safe-
keeping with said company.

683

SEC. 8. And be it enacted. That the said corporation is
authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as may be obtained by the investment of
its capital stock, and all other moneys or funds that may come
into its possession in the course of its dealings and business,
and the same to sell, grant, mortgage, lease and dispose of at its
pleasure, and to execute and acknowledge and deliver all deeds
and other instruments of writing concerning the same.

SEC. 9. And be it enacted, That the said company is hereby

Disposition.

authorized to act as agent for the purpose of issuing, registering
or countersigning certificates of stocks, bonds or other evidences
of debt of any State, corporation, association, municipality or
public authority on such term as may be agreed upon, and to
receive money on deposit, and deal in exchange, foreign or
domestic, and in every and all descriptions of properties, per-
sonal effects, securities, mortgages, loans, certificates of indebt-
edness, stocks of incorporated companies, individual, firm, com-
pany or corporation notes or bonds.

Act as agent,
of estates.

SEC. 10. And be it enacted, That any court of this State, of
any other State or the United States, into which moneys may
be paid or deposited by agreement of parties, order, judgment,
decree of said court, may order and direct the same to be
deposited with said company.
SEC. 11. And be it enacted, That such company is authorized
and shall have discretionary powers to invest at its pleasure all
moneys received on deposit, loan or otherwise, and that in all
cases in which public officers or municipal or private corpora-

Power
granted
courts.

tions are authorized to deposit money, stocks, bonds, and evi-
dences of debt, such deposits by such officers or corporations
may be made with said company, and said company shall have
power and authority to provide rules, regulations, by-laws or
otherwise, for and to determine all matters of arbitrament or
award referred or submitted to it by order of any court, or
agreement of parties in interest whatsoever, upon such terms
as may be agreed upon, provided or established by said courts
or said parties.
SEC. 12. And be it enacted, That the said company shall be
and it is hereby authorized and empowered to receive and
keep on deposit, as bailee for safe keeping and storage, all such
valuable, gold, silver or paper money, bullion, precious metals,

Discretionary
power
given.