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Session Laws, 1910 Session
Volume 487, Page 21   View pdf image (33K)
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BANKS. 21

accept and execute all other municipal or corporate trusts not
inconsistent with the laws of this State.

Fifth. To accept trusts from and execute trusts for married
women, in respect to their separate property, and to be their
agent in the management of such property, or to transact any
business in relation thereto.

Sixth. To act under the order or appointment of any court
of record as guardian, receiver or trustee of the estate of any
minor or other person or corporation, and as the depositary of
any moneys paid into court, whether for the benefit of any such
minor or other person, corporation or party.

Seventh. To take, accept and execute any and all such legal
trusts, duties and powers in regard to the holding, manage-
ment and disposition of any estate, real or personal, and the
rents and profits thereof, as may be granted or confided to it
by any court of record, or by any person, corporation, munici-
pality or other authority; and it shall be accountable to all
parties in interest for the faithful discharge of every such
trust, duty or power which it may so accept.

Eighth. To take, accept and execute any and all such trusts
and powers of whatever nature and description as may be con-
ferred upon or intrusted or committed to it by any person or
persons or any body politic., corporation or other authority,
by grant, assignment, transfer, devise, bequest or otherwise, or
which may be intrusted or committed or transferred to it or
vested in it by the order of any court of the State, and to take
and receive and hold any property or estate, real or personal,
which may be the subject of any such trust.

Ninth. To purchase, invest in and sell stocks, bills of ex-
change, bonds and mortgages and other securities, and when
moneys or securities for moneys are borrowed or received on
deposit, or for investment, the bonds or obligations of the com-
pany may be given therefor, but it shall have no right to issue
bills to circulate as money.

Tenth. To be appointed and to accept the appointment of
executor, or of trustee under the last will and testament, or
administrator, with or without the will annexed, of the estate
of any deceased person, and to be appointed to act as the com-
mittee of the estates of lunatics, idiots, persons of unsound
mind and habitual drunkards.

46. When any such corporation is appointed executor in
any last will and testament, the court or officer authorized to
grant letters testamentary in this State shall, upon the proper
application, grant letters testamentary thereon to such corpo-
ration. When application is made to any court or officer hav-
ing authority to grant letters of administration with the will


 

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Session Laws, 1910 Session
Volume 487, Page 21   View pdf image (33K)
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