1899_private laws_248_6
CHAPTER 247 An act to incorporate The Asheville Savings Bank. The General Assembly of North Carolina do enact
That this corporation shall have power to receive and pay out the lawful currency of the country; deal in exchange, gold and silver coin, stocks, bonds, notes and other securities; to loan money to or receive deposits of money or other property or evidences of debt from corporations, minors, apprentices, femes coverts or other persons, on such terms and time and manner of collection as may be agreed upon between the parties; and for the use and loan of money may charge legal interest, and may take and receive such interest at the time of making such loan, free from all other eontrol, contract or liability whatever; to invest in the stocks, bonds or other securities of this or any other state of the United States, or of any corporation created under the laws thereof or any municipality of this or any other state, and to take such real and personal property, conditioned in such form for the payment of the principal and interest of money loaned, advanced or expended, as may be deemed most safe, expedient and beneficial.