May 22, 1896, Laws of the State of New York, Volume 2, By New York (State), New York (State). Legislative Bill Drafting Commission, Page 1112, Chap. 839
AN ACT to amend an act entitled "An act to incorporate the Traders' Deposit company, passed April nineteenth, eighteen hundred and seventy-one, as amended by an act entitled 'An act to change the corporate name of the Traders' Deposit company of New York city,'" passed May eighteenth, eighteen hundred and ninety-five.
Became a law May 22, 1896, with the approval of the Governor. Passed, a majority being present.
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Authority to sell and guarantee bonds.
Section 1. The corporation created by chapter six hundred and four of the laws of eighteen hundred and seventy-one, as amended by chapter five hundred and fifty-seven of the laws of eighteen hundred and ninety-five, is hereby authorized and empowered to sell and guarantee payment of the principal and interest of notes and bonds received by it in the course of its business and, in addition thereto, to have all the rights, powers and privileges
Additional powers conferred.
conferred upon trust companies by section one hundred and fifty-six of an act, entitled "An act in relation to banking corporations," and known as the banking law, being chapter six hundred and eighty-nine of the laws of eighteen hundred and ninetytwo, approved May eighteenth, eighteen hundred and ninety-two, as amended by chapter six hundred and ninety-six of the laws of eighteen hundred and ninety-three, approved May thirteenth, eighteen hundred and ninety-three. § 2. This act shall take effect immediately.