Page:History of Hudson County and of the Old Village of Bergen.djvu/71

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Functions of
The Trust Company of New Jersey



This Company transacts a general Trust Company and Banking business, and

Receives Savings Deposits, and pays interest thereon, at the rate of 4 per cent per annum.

Receives deposits subject to check, as in a bank, payable at sight or through the clearing house, allowing interest thereon at the rate of 2 per cent; also issues certificates of deposits bearing interest.

Lends money on approved security.

Acts as Trustee under any mortgage or deed of trust, or for any individual who desires to provide for members of his family or others.

Acts as Executor, Trustee, Administrator, Guardian, Receiver, Committee, Assignee or Registrar.

Acts as Fiscal or Transfer Agent for any State, municipality or corporation.

Accepts securities for safe keeping, remitting interest and dividends to the depositor.

Acts as Agent in this State for corporations organized under the laws of the State of New Jersey.

Rents Safe Deposit Vaults from $5.00 upward.

This Company makes a specialty of the accounts of persons who, through lack of experience, desire assistance and advice in the management of their investments.