1905 private laws – Ch.277 Sec.10

The said company shall have full power to buy, lease, own, hold and improve real estate and personal property of all kinds, and to sell, lease, convey and dispose of the same in such lots and upon such terms as the board of directors may determine; to deal in stocks, bonds, mortgages and every kind and class of securities; tolend money and make, accept. endorSe, issue and purchase promissory notes, with or without coupons: mortgage and pledge its property, both real and personal; may act as factors, brokers or agents in borrowing or lending money. buying and selling stocks and securities, and in doing other acts not inconsistent with law ; and investing such money as may be entrusted to its care or management for investment in bonds, stocks or other securities and property ; may subscribe to stock in other corporations, and accept subseriptions for stock in this company. either in real estate or personal property. or in the bonds or stocks of other incorporated companies. It may insure or guarantee the payment of any dividends, bonds, notes, undertakings. mortgages or other securities or evidences of indebtedness to any person, partnership or corporation; and may guarantee the title to any and all real estate situate within or without the State. It may guarantee or become surety upon all kinds of fiduciary or other bonds or undertakings not prohibited by law, including those of guardians, executors, administrators, collectors, receivers, trustees of any sort, suitors in any court, public officers of the United States or of any State, county or municipality, and of employees and agents of any person, company or corporation, under such regulations as may be determined by the board of directors.