Windham County reformer. (Brattleboro, Vt.) 1901-1906, 1906-10-19

an To receive moneys on deposit or In
trust, az such rate Of interest or ON su'N
terms as may be- agreed upon, the rate col M
tercst 10 be allowed for deposits not exceed
ing the legal rate. d,
tel 10 accept and cxerute all trusts Of
every description not inconsistent with the
laws Of this state as may be committed to II
by any court or by any person or persons
whomsoevrr. or by any corporation, ana 10
net as executor or administrator upon thr
estates Of deceased persons and rs guardian
vt wards.
l9l 70 take and accept by grant assign.
mont transfer. devise or hcquest ana h'lu
any real or personal estate ar trusts created
In accord with the laws of tins state ana
execute such legal trusts on such terms Hs
may be ordered, declared, established or
agreed upon, and in case N" terms are OF
derad declared established or agreed upon
,bcn the trust property is only TO be in
vested as provided by the terms Of this act,
a. To accept from and execute trusts Tor
married women in respect To- their separate
uropcrty. whether real or personal ana act as
agent for them in the management oi s"'h
property, A..
t5l To accept deposits whore public officers
mr. municipal or private corporations are au'
thori,ed or required by law to deposit money
in bank: and such deposit may be MADE 10y
such officers or corporations win the salu
Bratileboro Trust company
90 To issue letters Of GREAT upon sue"
terms as may be agreed upon by the d.
rectors. 49,.
See II. The directors Of said corporation
may make such bylaws and regulations as
thry NAV deem necessary and proper, not m
consistent with this act or the laws OF TINS
state. s,.1 g.
Sec II. All trust property contided 10
said corporation shall be invested only ac'
cordinr to the terms Of the trust.
Sec 10. The corporation shall be allowed
,s rnmpensa,ion for the care Of trust prop
erty the investment and collection OF th'
same. and for other services rendered III Wv
execution Of such trust such sum as may ne
agreed upon and In the absence oi "u!
agreement, such compensation as Is hNeu pS
the bylaws or regulations Of said corporation
T., forrc at the time such trust is created. or
/ nv law or by the court placing such trust IN
/ its hands A.. -.
| sec a. The directors and other officers oil
s.id c,rnoration may in their discretion, pa!
/ IN any minor or married woman snch sum as
may have been deposited by and be due ~
/ him or her. the same as II such minor were u,
| ags and such married woman unmarried, ana
! ,bs cheek receipt or aequittanee OF sue"
ripor or married woman shall he "a iuli us
! charge for the amount for which It IS gwen;
Sec IS. The directors shalI nave US
cretionary power Of investing the Wohe!S ~
| cejred nv them on deposit or in trust in inc
,,,a,bods nermitted by law to savings banks
and trpst companies: provided that when
snccioI direction or agreement is given OF
Id nv ar with those making deposits OF
/ leaving trust property with said corpoa"o"
/ as tho mode Of investment thereof the SAINT
! shall be strictly followed. ,..,. -,
/ Sec lG. No director, officer or empIoFee VI
! s,id corpcration shall he at any time uifec!i!
or indirectly indebted to said corporation ioi
moro than one.twenticth part oil 'ne v"P''
stock actually paid in. No loan or uiS'ou'' W
commercial or business paper oil an! '"u
yidual firm or corporation shal eNcrSu ol'
,antb nar, of the capital stock actually palo
sbau any loan he made by such cor
marathon upon a pledge Of its own stoch "u
/ T. tho event any stakeholder is indebted u
LA cornoration. said corporation shall nave
lion mon the stock of said stockholder ioi
s,,ob Indebtedness, unless such stock is o'hei
yisa legally pledged or attached, and may SCI
sncb stock as property is sold under co"u
tional vendors lien. Vii,
Soc ~ Said corporation shall be haoi'
NJ all events (the act of God ana '"e pun,
enemies only excepted) for all deposits "l,'
far the safe keeping of all bonds OF o'h'r ~
curities received by said corporation IN rus
,,na,ided that in case of the dissolution o
said corporation by act OF Ia" OF !,'.ral
tho dahts due from said corporation incurred
hy donosits in favor Of minors, insane perS"n'
~ married women in their own rght' snai
haro tho preference and be satisfied pelor
nr,, otbor debts due from said corporation are
paid, ra. ho construed t,
| fr On said corporation any right or po"e
| IN make any contract or to accept an! '~o
.hotrver which it would not be iaWlu. 10
INV individual under the general rules OF law
which are or shall be in force, to MAKE "eeeP
or execute. IT., ori,oI stocl
-: g. :n.o said corporation shall be impaired
Nv losses or otherwise, the directors S""'
tnrtbvith repair the same by assessment AM
,o dividends shall be made or declared upo'
tho conital stock of said corporation uhtli 'n'
same are actually earned and feall2eo o'e
and above all losses and expenses ~.
Soc 90 Any president, director or ONE
So, ~ said corporation who misapplleS u
divorts the moneys funds or other trus' prop
49,, corfded TO and accepted by SAID corpor"
lion from the purposes and objects prescrlp ny
Inv this act, or who participates IN suen ulio
application or diversion, shail oe mp Sars
in the state prison not more than nVe years
or fned not more than $4,000, or oo'h' ~
Sec. 81. This corporation shaii De SUBJ .,
to the provisions of law appllcIo w., ~ ,r b%
oor,nopies and also to all general laws whlci
49,, horaafter be enacted in relation TO trus
n n'. and to the power of the legis
,atmre at any time hereafter to repeal alter o
mend this act as the public good may re
qure. ..,,o offoct from it