Section 14

It shall be lawful for a trust company to act under any deed or instrument by which the company is appointed agent or attorney for any person, and all the powers conferred upon the company

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by any such deed or instrument may be exercised by such officer of the company as the company may appoint for that purpose:

Provided that nothing in this section shall be deemed to authorize any person to confer upon a trust company any power which may not lawfully be delegated by him.

EXEMPTION FROM GIVING SECURITY