Section 161. Authorization certificate

If the superintendent shall issue an
  authorization  certificate  as  provided in article two of this chapter,
  such individual or partnership may engage in  the  business  of  banking
  including  receiving deposits subject to check or for repayment upon the
  presentation of a pass book, certificate of deposit or other evidence of
  debt, or upon the request of the depositor, or in the discretion of such
  individual,  or   partnership;   receiving   money   for   transmission;
  discounting  or  negotiating promissory notes, drafts, bills of exchange
  or other evidences of debt; and buying  or  selling  exchange,  coin  or
  bullion  at  the  location  specified in such authorization certificate,
  subject to all  the  restrictions  and  limitations  contained  in  this
  chapter.  In  conducting  such business a private banker may make use of
  the words "bank," "banker" or  "banking"  or  their  equivalent  or  any
  derivative or compound thereof.