May Lease or Sell. SECTION. ARTICLE 4.-RAILROADS. 1. May Lease or Sell. AN ACT to Amend an Act. Entitled "An Act to Authorize Railroad Companies to Sell and Lease Their Railroads, Property and Franchises." Approved February 24, 1899. Be it Enacted by the Legislative Assembly of the Territory of Oklahoma: SECTION 1. That Section One, of an Act entitled "An Act to authorize railroad companies to sell and lease their railroads, property, and franchises," approved February 24, 1899, be and hereby is amended by inserting after the word "Territory” in the fourth line of said Act, the words "and any railroad company organized under the laws of this Territory own ing a line of railroad either within or without this Territory," so that said section shall read as follows: SECTION 1. Any railroad company, whether organized under the laws of this Territory or of any other State or Territory of the United States, owning any railroad in this Territory, and any railroad company organized under the laws of this Territory owning a line of railroad either within or without this Territory, may sell or lease the whole or any part of its railroad and branches constructed or to be constructed, or any interest therein, together with all the property, rights, privileges, and franchises thereto pertaining to any other railroad company organized or existing under the laws of this Territory, or of any other State or Territory, or of the United States; Provided, That no such sale or lease shall be entered into unless the line of railroad so sold or leased shall, when constructed, form a continuous line of railroad with the road of the company purchasing or leasing the same, either by direct connection therewith, or through an intermediate line or lines, constructed, or to be constructed, which such purchasing or leasing company shall have the right by contract or otherwise when completed to use or operate, and any railroad company of this Territory, or of any other State or Territory, or of the United States, which shall so purchase or lease a railroad or railroads in this Territory shall possess and enjoy, within this Territory all the rights, powers, privileges, and franchises conferred by the laws of this Territory upon a railroad corporation formed there under. SECTION 2. This Act shall take effect and be in force from and after its passage and approval. Approved this 20th day of February, 1901. AN ACT Relating to Savings and Trust Companies, Providing for the Organization, Management, Control, Regulation and Supervision Thereof, and Providing for Penalties for the Violations of the Provisions of This Act. Be it Enacted by the Legislative Assembly of the Territory of Oklahoma: SECTION 1. Any three or more persons who shall Articles of have associated themselves by articles of agreement, Contain. Agreement, Articles of and Recorded. in writing as provided by law, for any of the purposes included under Section 4 of this article, may be incorporated under any name or title designating such business. The articles of agreement shall set out: First, the corporate name of the proposed corporation, which shall not be the name of any other corporation heretofore incorporated in this Territory for similar purposes, or an imitation of such name. Second, the name of the city or town and county in which the corporation is to be located. Third, the amount of the capital stock of the corporation authorized by the articles of agreement, the number of shares into which it is divided, the amount of capital stock actually subscribed in good faith at the time of the filing of such articles, which shall not be less than Two Hundred Thousand Dollars: and said articles shall further state that at least onehalf of the capital so subscribed has been actually paid up in lawful money of the United States, and is in the custody of the persons named as the first board of directors or managers. Fourth, the names and places of residence of the several shareholders and the number of shares subscribed by each. Fifth, the number of the board of directors or managers and the names of those agreed upon for the first year. Sixth, the number of years the corporation is to continue, which in no case shall exceed fifty years. Seventh, the purposes for which the association or company is formed. SECTION 2. The articles of agreement shall be Where Filed signed and acknowledged by the parties thereto and recorded in the office of the recorder of deeds of the county in which the corporation is to be located, and a certified copy of such recorded instrument shall be filed in the office of the Secretary of the Territory. Organization. SECTION 3. The Secretary of the Territory shall Certificate of thereupon give a certificate setting forth that such corporation has been duly organized and the amount of its authorized and subscribed capital, and such certificates shall be taken by all the courts of this Territory and other places as evidence of the corporate existence of such corporation. The persons so acknowledging such articles of association and their associates and successors shall, for the period not to exceed fifty years next succeeding the issuing of such certificate by the Secretary of the Territory, be a body corporate, and by such name they and their successors shall be entitled to have, possess, and enjoy all the rights and privileges conferred by law upon corporations, subject to the provisions of this article. May Be SECTION 4. Corporations may be created under Corporations this article for any one or more of the following pur- what poses: First, to receive money in trust and to accumulate the same at such rate of interest as may be obtained or agreed upon, or to allow such interest thereon as may be agreed, not exceeding in either case the legal rate; and the payment to them or their order of deposits made by minors shall be binding on them; to receive upon deposit for safe keeping personal property of every description; to guarantee special deposits, and to own or control a safety vault and rent the boxes therein. Second, to accept and execute all such trusts and perform such duties of every description as may be committed to them by any person or persons whatsoever, or any corporation, and act as assignee, receiver, trustee and depository, and to accept and execute all such trusts and perform such duties of every description as may be committed or transferred to them by order, judgment or decree of any of the Created; Purposes. courts of record of this Territory or of any State, or of the United States. Third, to take, accept and hold by the order, judgment or decree of any court of this Territory, or of any Sate or Territory of the United States, or by gift, grant, assignment, transfer, devise or bequest of any person or corporation, any real or personal property in trust, and to execute and perform any and all such legal and lawful trusts in regard to the same upon the terms, conditions, limitations and restrictions which may be declared, imposed, established, or agreed upon in and by such order, judgment, decree, gift, grant, assignment, transfer, devise or bequest, and to execute as principal or surety, and to guarantee against loss any principal or surety upon any bond or bonds required by law to be given in any proceeding in law or equity in any of the courts of this Territory, or other other State or of the United States. Fourth, to act as agent or attorney in fact for any person or corporation in the management and control of real or personal property and the sale or conveyance of the same, and for the investment of money, and to act for and represent corporations or persons under power and letters of attorney, and as agents for persons and corporations for the purpose of issuing, registering, transferring or countersigning the certificates of stock, bonds or other evidences of debt of any corporation, association, municipality, state or public authority, on such terms as may be agreed upon. Fifth, to accept from and execute trusts for mar ried women in respect to their separate property, whether real or personal, and act as agent for them in the management of such property, and generally to have and exercise such powers as are usually had and exercised by trust companies. Sixth, to act as executor under last will or at the |