PRIVATE ACTS. 1273

SEC. 3. And be it enacted, That the said corporation shall
have perpetual succession and make and use a corporate seal,
and alter and renew the same at pleasure, and may adopt a con-
stitution and by-laws for its government, and sue and be sued,
plead and be impleaded in any court whatever.

SEC. 4. And be it enacted, That the capital stock of the said
corporation shall not exceed one thousand shares of the par
value of one hundred dollars each, being one hundred thousand
dollars.

SEC. 5. And be it enacted, That said corporation shall be gov-
erned by a constitution and by-laws and managed by a board
of seven directors, who shall be male members of the said corpo-
ration, twenty-one .years of age or over, who are entitled to
vote at any meeting of stockholders, and who shall be elected
annually by the stockholders of said corporation, as may be
provided for from time to time by the constitution and by-laws
of said corporation, each stockholder being entitled to as many
votes as he has shares, upon which he has paid five per
centum of the par value, voting in person or by proxy, a ma-
jority of the voting stock constituting a quorum. The directors
so elected shall serve for one year, or until their successors are
elected and qualified.

SEC. 6. And be it enacted, That the capital stock and accu-
mulated funds of the incorporation .shall be invested in fee
simple real estate and leaseholds, mortgages, bonds, stocks of
other incorporated companies, individual securities and other
evidence of debt, or in such other property as the said associa-
tion may deem profitable; and that said corporation be author-
ized and empowered to take, hold and enjoy all such estates,
real, personal or mixed, as may be obtained with the money
aforesaid, and also with any and all other funds that may come
into its possession in course of its business dealings; and may
sell, grant, mortgage, lease and dispose of the same in its dis-
cretion, will and pleasure, and execute, acknowledge and deliver
all deeds and legal instruments for the same.

SEC. 7. And be it enacted. That the following powers and
privileges are also granted the said corporation: First, to re-
ceive any personal property or estate on storage or safe deposit
on such terms or rates of charge as may be agreed on; second,
to purchase, invest in and sell any kind of property, real, per-
sonal or mixed, and to execute deeds, conveyances, assign-
ments or transfers thereof; third, to receive deposits of money,
securities and other property from any person or corpora-
tion, and to accumulate the same, and to issue certificates of
deposit therefor, payable at such times and on such terms, and