1905 private laws – Ch.277 Sec.11

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Chapter 277 AN ACT TO INCORPORATE THE HIGH POINT SAVINGS AND TRUST COMPANY The General Assembly of North Carolina do enact:

That in addition to the powers hereinbefore conferred, this company may receive and pay out the lawful currency and deal in exchange, gold and silver coin and bullion; may discount notes, drafts and other securities; may issue bills or notes to circulate as currency, in such denominations as the board of directors may authorize and under such regulations as may be hereafter authorized and provided by the laws of this State and the United States, and shall have all the rights, powers, privileges and franchises incident to banking institutions in this State; and if money be deposited with said corporation by a minor or feme covert, either as an investment or otherwise, such money may be withdrawn by such minor or feme covert without the consent of the parent or guardian of such minor or the husband of the feme covert, and his or her check or receipt therefor shall be as binding upon such minor or feme covert as though he or she were ot full age or unmarried; and this company is specially invested with the power and authority to carry on, conduct and operate a savings banking business in all its branches, and may receive deposits in small sums, the limits to be fixed by its board of directors, and may pay interest thereon by way of dividends out of the net earnings or at fixed rates, according as it may be agreed upon by the company and its depositors: and the board of directors are hereby fully authorized to make all needful by-laws and regulations for conducting and carrying into effect the different features of this branch of this corporation.

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