The St. Lucie County tribune. (Fort Pierce, St. Lucie County, Fla.) 1905-1920, 1911-07-28

or by any person., Colpol 1'OH' '"N.','itt' -
ali parties in interest for the faithful discharge
OF every such trust duty or power when II may
50 accept. - ,u
trusts and powers OF whatever nature or de-
scription that may be conferred upon or IN
trusted or committed 70 Il by any person or
persons, or any body polite, corporation or
other authority, 10y grant assignment, TahsIt''
devise bequCst or otherwise, or WMcn may DC
intrustci or committed or transferred TO II or
vested in il by order OF any court OF record or any
probate court, and to receive, taNe ana Nold any
property or estate, real or personal WhcA may DC
the subject ul any sucn trust
Go) To purchase, invest IN ana s." s'oSns'
promissorv NOTES, bills OF exchange, bonds ana
MORTGAGES and other stcUrItyS and MHeN moneys
or securities Tor money, are No''u"tN or receive"
on deposit or for investment, the 'o"Is OF
Obligations OF the company may N- sven mere
for, but It shall. have no ns"' % issue o'"s 10
circulate as money.
CfJ TO he appointed and to aec(n; the APP
pointmcnt OF assignee or trustee CL'Gf any ~.
signment ior the benefit OF creditors o. any
d N.or made pursuant to any statute or o'H1''
I'D To &C, under the order or the appoint.
ment OF any court or otherwise q, receive: o:
trustee Of the estate or property OF any person.
firm, association or cCfrotaton
11 To bc appointed and 90 accept ,Ge APP
pointmcnt OF executor %! or trustee N'd"' i"e
last will and testament. or a.HNis'a'9'' "'.n
or without the Nl.. Annexed, oi l'v estate @. AZ!
deceased person, and TO he aNpolriCa ana 70 "-'
as the committee o! the estate, ot unalc,, iR'o .S
ncr.ous oi unsOuuG mind and aalNLa. afH'Na' j.,
i4 TocXggCi,y the powers conferred ON ana
to carry on the business OF q SAFE .tIys'' e''
panv. and 20 examine and guarantee title 10 lana
ated in the charter. ...,.-..
all manner OF securities when authorized So 10 do
by the parties dcposiunE inc same. !.,,... ...,4
L., Wet
of any corporation upon such terms as ma! re
agreed upon between said corporation and '"o'e
dealing with it.
T-G Generally to execute trusts Of every de-
scfiption not inconsistent with the laws Of INNS
STATE or OF the United States.
GSl TO receive money on deposit 10 be 81 b.
iect TO check or to be repaid in such manner and
on such terms, and with or without interest as
may be agreed upon by the deposiioT ana '"e
said trust company
Sec. A. No trust company shall have power
to invest funds derived under paragraphs o. :
and /, of Section OF this Act or to make loans
upon bills, notes or other evidences OF deu1;
except 10 a county, city, town, municipality and
county or school boards OF this State unless
the same shall be secured by first mortgage upon
real estate not TO exceed sixty per centui' OF
the value of sue real estate, or 10y otner ap.
proved securities, the actual vaue OF which otneT
approved securities shall at all times exceed by al
least twenty per centun OF the amount loaned
upon the same Except under and subject 10
the provisions OF this Act no corporation here
after organized shall exercise within THIS state,
or be hereafter incorporated for the purpose OF
exercising therein, any OF the powers set ioTtn
in sub-di visions, l. p s. D, :, :, 9, II, ,, Is, 10
and II OF the preceding section OF TINS ACT,
No money. property or securities received OF
held by any trust company in its capacity OF
assignee receiver, executor, administrator, guard
ian or trustee shall be mingled with the invest
ments OF the capital stock or other moneys or
property belonging 10 or deposited WIN sucn
corporation, or shall be liable ior the GeDlS o.
Obligations of such corporation; all other moneys
and funds belonging TO or deposited with Sucn
trust company may he used and invested IN
accordance with the provisions OF this, Act
Sec 5. No trust company OF this state au'
thorized to act as assignee, receiver, admins
traitor. guardian, or trustee shall be required by
any officer or court OF this State 10 give security
upon appointment to, or acceptance OF, any
Office OF trust which it is by law authorized TO
execute, except as hereinafter provided
In all cases where any corporation OF this
State authorized by its charter 10 act as trustee,
executor, administrator or guardian shall be
appointed executor, administrator or trustee OF
any estate or guardian OF any infant, II Sha!! De
and may be lawful for the president, viee,pres'
dent. cashier secretary or treasurer OF such cor.
ton any and all oaths or a,trmatons required
to be taken or subscribed by such executor, ad-
mnstrator, trustee orlguardan.
Sec. 6. That said company shall deposit with
the State Treasurer a sum equa! 10 twenty-five
per centum OF its paid in capital STOCK PFoWIed
that in no event shall such deposit be less than
twenty-five thousand dollars '>!;,ooo;o9l sCch
deposits to he in cash or equa! market Na.Ue
OF bonds, stocks or other securities OF equa! market
value, which shall include approved mo1gaEes
or deeds OF trust OF real estate 20 be Eept D! l'g
State Treasurer IN trust i?r SAG c9'l!Iany' ana
ior Which ne shal sl,G S C''C". .SI.'p. 80
bTaeinR lvII ahg Hoi''p'e'e n.y. y. sUC" SvN";'GH
and the NaluGS OF the SANG a. !ne H.e 49,
PROVIDED sucn 'a,aes s;'.. u' C"r.. "! ,le So
urer' attorney Hett'a' "it I'm, o.'v', "a.
securities snaA DC Hc'; su.!VV ~ VIZ p, '-s,,.
OF any )uaNNeh! oI utO.Gc "s.Nn "'a{ W 80 -.'.
dered against sa,t eoa"!, "lo-.' ,''t GFs
gate rAaTEet Na.ut .. ,c Sel-','i ~ Nv, a.
any time exceed N si'uy lI's SAN sun. ..tS.Cr
70 De deposltu Nt't Cot.Pa; may H.,.'t. -
with the coh,th', o. tHe "'".c to".'un..' 800
excess; anu snou.a t' "Esaera,g l".'. 80 80
OF Nuch NeCu'Y's ~ pto" ~ ' .'. .SI;SU
70 DE deposteI sag Co,p""? Eng. 1871 .'... =!
Gays lheTea'.tl Gt"lts ~ ny - re 80
aoaluonaI StSuII'tT su'C.,n' - H'-He So 50"
sum Inc oia1t !tasS.e' s':..'' :. 81. -; -
keep pTtlNeL a.H .t"Ls ~. W III
OF seeurlues so He.I o! i', m..'CH sa.G - s S
DC ny mn ee' .,'J ~ W S 80 80
snsc,ed bv INV nerson to whom said COMPANY is
Tatie ABSOLUTELY or corditional,v. or BY any
-. - o,t;Cer' y,bo sban have aorointed said