JOHN WALTER SMITH, ESQ., GOVERNOR.

877

corporation, corporations, joint stock company, joint stock
companies ; provided only, that such investment shall, when
made, be thereupon advertised in the amount thereof, and for
the time or period thereof in some newspaper published in
the city or county where the principal or place of business, as
the case may be, of such person, persons, firm, firms, copart-
nership, copartnerships, association, associations, corporation,
corporations, joint stock company or joint stock companies,
shall be located or intended to be located, once a week for
three successive weeks, and said body corporate hereby incor-
porated shall upon making such investment have with regard
to such persons or enterprises the full rights and privileges of
a general partner therein, and shall be liable for the payment
of such claims and demands as may be or may have been
incurred by such person, persons, firm, firms, copartnership,
copartnerships, association, associations, corporation, corpora-
tions, joint stock company, joint stock companies, for and on
account of and for the benefit and advantage of such business
or enterprise only to the extent of the investment so made and
advertised, and to no other or greater extent.

CHAP. 609

SEC. 6. And be it further enacted, That said body corpo-
rate shall have the right to receive money on deposit, evidence
of debt, for collection, for discount or otherwise, chattels,
stocks, bonds and all proper writing on storage or as collateral
security, upon such terms as may be agreed upon or established
by said company, and shall have the right to guarantee,
endorse and secure the payment, punctual performance and
collection of notes, debts, due bills, bills of exchange, con-
tracts, bonds, accounts, claims, rents, securities, mortgages and
interest thereon, titles to property, indebtedness of individuals
or of copartnership, firms, corporations, of joint stock com-
panies, association, loans of States, cities, counties and munici-
palities upon such terms as may be agreed upon or established
by said company.

Authority to
receive
money on
deposit, etc.

SEC. 7. And be it further enacted, That the said body cor-
porate shall have power to act as agent and the fiscal or
transfer agent of any State, county, city, municipality or
public authority, corporation, association or individual, and in
such capacity to receive and disburse money, and to handle,
issue, transfer, register, countersign or underwrite certificates
of stock, bonds or other evidences of indebtedness, and to
receive and manage any sinking funds of any corporation on
such terms as may be agreed upon or established by said
company.

May act as
fiscal
or transfer
agent, etc.