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Session Laws, 1910 Session
Volume 487, Page 1337   View pdf image (33K)
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PRIVATE ACTS. 1337

ized to deposit money, stocks, bonds or evidences of debt, such
deposits by such officers or corporations may be made with
said corporation.

SEC. 8. And be it further enacted, That any executor, admin-
istrator, guardian or other trustee or other public officer having
control of any bonds, stocks, securities, moneys or other valua-
bles belonging to others, shall be and is hereby authorized to
deposit the same for safekeeping with said corporation, but
nothing contained in this Act shall be construed to relieve any
such officer depositing with,said corporation as authorized by
any section thereof from any legal liability for such deposits
unless he shall have been ordered to make the same by the
proper court or authority.

SEC. 9. And be it further 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 busi-
ness, and the same to sell, grant, mortgage, lease and dispose
of at pleasure and to execute, acknowledge and deliver all
deeds and other instruments of writing concerning the same r
provided, however, that the said real estate, so to be held by it,
shall be such as may be deemed necessary or expedient by the
directors thereof for the accommodation and transaction of
its business, or which it may acquire as protection against loss
or damage from contracts or transactions made or to be made
in the usual course of its business of commercial and general
banking.

SEC. 10. And be it further enacted, That it shall be lawful
for the said corporation to maintain safe-deposit boxes or other
receptacles used for the safe keeping of money and valuable
articles, which boxes may be rented or leased to persons or
corporations upon such terms and conditions as may be deemed
advisable; and may issue letters of credit, and other commer-
cial paper, and shall have the power to act as agent for the
purpose of issuing, registering, certifying, or countersigning
certificates of stock, bonds or other evidence of debt of any
State, corporation, municipality, or public authority, upon
such terms as may be agreed upon.

SEC. 11. And be it enacted, That whenever any deposits shall
be made with said corporation by minors or married women,
such deposits shall be received and held and paid over on
precisely the same terms and conditions as those of adult
male or adult female sole depositors, and the check, receipt or
acquittance of such minors and married women shall be valid
and binding on them, any law of this State to the contrary
notwithstanding.


 

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Session Laws, 1910 Session
Volume 487, Page 1337   View pdf image (33K)
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