1899_private laws_311_7
CHAPTER 310 An act entitled an act to incorporate the Peoples Savings Bank at Asheville, North Carolina. The General Assembly of North Carolina do enact:
The said corporation may receive and pay out the lawful currency of the country, deal in exchange, gold and silver coin, uncurrent paper, and public and other securities; may loan money to and receive deposits of money or other property or evidences of debt from corporations, minors, feme coverts or other persons, on such terms and time and manner of collection and payment as may be agreed upon, and for the use and loan of money may charge so higha rate of interest asis or may be allowed by the laws of the state of North Caiolina and may take and receive said interest at the time of making said loan; may invest in the stock, bonds or other securities of the United States, of this or any other state in the Unien [or] of any corporation under the laws thereof, and take such real.or personal property as seeurity for all loans and upon such terms as may be agreed upon.