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Session Laws, 1898 Session
Volume 482, Page 803   View pdf image (33K)
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LLOYD LOWNDES, ESQUIRE, GOVERNOR.

corporation as such receiver, trustee or assignee shall be regu-
larly settled before the court making such appointment, and
upon such settlement and adjustment, all proper, legal and
customary charges, costs and expenses shall be allowed to said
corporation for its care and management of the trusts and
estate aforesaid, in accordance with the practice of the court
so appointing in the case of natural persons when so appointed ;
and the said corporation, as such receiver, trustee and assignee,
shall be subject to all lawful orders or decrees made by the
said court; but nothing herein contained shall be construed as
authorizing or empowering said corporation to act as executor
or administrator, with or without the will, or as trustee under,
or by appointment, in any last will or testament.
SEC. 7. And be it enacted, That the said corporation be and
is hereby authorized and expowered to receive and keep on
deposit, storage or otherwise, all such valuables as gold, silver
or paper money, bullion, precious metal, jewels, plate, certifi-

803

cates of stock, evidences of indebtedness, promissory notes,
contracts, deeds or muniments of title, or other valuable
papers of any kind, or any other article or thing whatsoever,
and take charge and custody of real, personal estates and
securities, and advance money thereupon, on such terms as may
be established or approved by said corporation ; and it may be
lawful for any court of this State or United States Court, 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 or administrator,
or other trustee or receiver, agent or other public officer having
control of any bonds, stocks, security, 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
that in all cases in which public officers, municipal or private
corporations may be authorized to deposit money, stocks, bonds
or evidences of indebtedness, such deposits by such officers or
corporations may be made with said corporation ; and for the
complete preservation of all articles or things so deposited for
safe keeping, the said corporation may construct, erect, pur-
chase or lease such suitable buildings, and all other means
which may be or become necessary, and to maintain and let for
hire vaults, safes and like receptacles.
SEC. 8. And be it enacted, That whenever any court shall
appoint the said corporation a receiver, trustee or assignee, or
shall order the deposit of money or other valuables of any

Receive and
keep on de-
posit certain
valuables.



 
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Session Laws, 1898 Session
Volume 482, Page 803   View pdf image (33K)
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