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Session Laws, 1910 Session
Volume 487, Page 1223   View pdf image (33K)
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PRIVATE ACTS. 1223

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 valua-
bles, gold, silver or paper money, bullion, precious metals,
jewels, plate, certificates of stock or evidences of indebtedness,
deeds or monuments of title or other valuable paper of any
kind, or any other article or thing whatsoever, which may be
left, deposited or placed in storage for safe keeping with said
company, and guaranteeing their safety upon such terms and
for such commissions or compensation as may be agreed upon;
and for the complete preservation and safe keeping thereof is
hereby authorized to construct, erect, purchase, lease or rent
such fire or burglar-proof buildings, vaults, iron or composition
safes or other means which may be or become necessary, and
let vaults, safes and other receptacles for such uses and pur-
poses, and generally to transact and perform all the business
relating to such deposit and safe keeping or preservation of all
such articles, valuables or property as may be deposited with
said company.

SEC. 13. And be it enacted, That the said company hereby
created shall have the power to enact and adopt such rules,
regulations and by-laws for the government and management
of the affairs of said corporation as it may deem advantageous
to the interests thereof; provided, the same be not contrary to
the law of the land.

SEC. 14. And be it enacted. That the directors shall have
power to declare such dividends of the profits of the said
company as they may deem proper; provided, that no dividend
shall be declared when the capital stock would be impaired
thereby.

SEC. 15. And be it enacted, That the said company shall be
subject to the provisions of Chapter 109 of the Acts of the
General Assembly of 1892, and the liability of the stockholders
thereof shall at all times be determined by the laws of this
State in force at the time the said liability may attach; pro-
vided, however, that said corporation shall be subject to the
provisions of Article 11 of the Public General Laws of this
State, title "Banks," and any amendments thereof, and the
liability of the stockholders thereof shall at all times be deter-
mined by the laws of the State in force at the time the said
liabilities may attach.

SEC. 16. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 8, 1910.


 

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Session Laws, 1910 Session
Volume 487, Page 1223   View pdf image (33K)
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