HERBERT R. O'CONOR, GOVERNOR. 679

46. Upon the filing of any such certificate of authoriza-
tion of a trust company, the persons named therein and
their successors shall thereupon and thereby become a
corporation and shall possess the following powers:

First. To act as the fiscal or transfer agent of any
State, municipality, body politic or corporation; and in
such capacity to receive and disburse money, to transfer,
register and countersign certificates of stock, bonds or
other evidences of indebtedness, and to act as agent of any
corporation, foreign or domestic, for any lawful purpose.

Second. To receive deposits of trust moneys, securities
and other personal property from any person or corpora-
tion, and to loan money on real or personal securities and
to receive money on deposit.

Third. To lease, hold, purchase and convey any and
all real property necessary in the transaction of its busi-
ness, or which the purposes of the corporation may require,
or which it shall acquire in satisfaction or partial satisfac-
tion of debts due the corporation under sales, judgments
or mortgages, or in settlement or partial settlement of
debts due the corporation by any of its debtors.

Fourth. To act as trustee under any mortgage or bond
issued by any municipality, body politic or corporation,
and 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, cor-
poration or party.

Seventh. To take, accept and execute any and all such
legal trusts, duties and powers in regard to the holding,
management and disposition of any estate, real or per-
sonal, and the rents and profit thereof, as may be granted
or confided to it by any court of record, or by any person,
corporation, municipality 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.