PRIVATE ACTS. 1379

SEC. 9. And be it further enacted, That the Board of directors
of said company be and the same are hereby authorized and
empowered to name, constitute and appoint non-resident local
boards, non-resident local vice-presidents and non-resident local
assistant secretaries, agents or attorneys within any of the
jurisdictions aforesaid, and to invest such officers with power
and authority on its behalf as surety, to make, sign, exe-
cute, deliver, justify upon and attach the corporate seal of said
company to any bonds of suretyship, recognizance, stipulation
or contract within the scope of the chartered powers of said
company; and the said directors are further authorized and
empowered to provide that the execution by said officers, agents
or attorneys of such bonds of suretyship, stipulations and
contracts shall be binding upon said company.

SEC. 10. And be it further enacted, That said corporation
shall have the further power to insure any person or persons
from death or injury on account of any accident or casualty
whatsoever, and also to insure any person or persons against
sickness or disease of any sort or description; provided, that
nothing in this Section can be construed as given to this cor-
poration the power to issue policies of life insurance.

SEC. 11. And be it further enacted, That said company be
and it is hereby authorized and empowered to invest, at its
pleasure, and in its discretion, its capital stock and the incre-
ment thereof, to take, have, hold and enjoy all such estates,
real, personal and mixed, as may be obtained with the moneys
aforesaid, and also with any and all other funds that may
come into its posession in the course of its business deal-
ings and the same to sell, grant, lease, mortgage and dispose
of, in its discretion and at its will and pleasure, and to exe-
cute, acknowledge and deliver all deeds and legal papers and
any instruments concerning the same.

SEC. 12. And be it further enacted, That the president, vice-
presidents and directors of the company hereby created shall
have power to enact and adopt such rules, regulations and
by-laws for the government and the management" of the
affairs of said company as they may deem advantageous to
the interest thereof; provided, the same be not contrary to
the law of the land.

SEC. 13. And be it further enacted, That said company shall
have power to declare such dividends of the profits of said
company as they may deem proper; provided, that no divi-
dend be declared when the capital stock would be impaired
thereby.

SEC. 14. And be it further enacted, That the said corporation
shall be subject at all times to the provisions of the Acts of