1108

LAWS OF MARYLAND.

May invest its
stock in real
and personal
property.

SEC. 12. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates,
real, personal and mixed, as may be obtained by the invest-
ment of its stock, and all other moneys and funds that may
come into its possession in the course of its dealing and busi-
ness, and the same to improve, sell, grant, mortgage, lease and
dispose of in any manner at pleasure, to insure the titles
thereto, to collect and guarantee the payment of the income
from estates, real, personal or mixed, and to act as agent in
their purchase or sale, and to execute, acknowledge and de-
liver all deeds or other instruments of writing concerning the
estates acquired by the corporation to be created by this Act.

Power to
receive on
deposit as
security,
estates, real,
personal, etc.

SEC. 13. And be it further enacted, That the said corpora-
tion shall have power to receive and hold on deposit and in
trust, and as security, estates, real, personal and mixed, in-
cluding money, notes, bonds and obligations of States, com-
panies, corporations and individuals, and the same to pur-
chase, collect and adjust, settle, sell and dispose of, and upon
such terms as may be agreed upon between it and the parties
contracting with it, and it may pay interest on all deposits of
money which it may receive from individuals, corporations or
otherwise.

Authority to
receive on
deposit gold,
jewels, plate,
etc.

SEC. 14. And be it further enacted, That the said corpora-
tion shall be and is hereby authorized and empowered to
receive and keep on deposit all such valuables as gold, silver
or paper money, bullion, precious metals, jewels, plate, cer-
tificates of stock or evidence of indebtedness, deeds or muni-
ments of title or other valuable paper of any kind, or any
other article or thing whatsoever which may be left or depos-
ited for safe keeping with said corporation; and it may and
shall be lawful for any of the courts of any State into which
moneys, stocks, bonds or other property may be paid or de- 1
posited by agreement of parties, order, judgment or decree of
said court, to order and direct the same to be deposited with
said corporation, and it shall be entitled to charge such com-
mission or compensation therefor as may be agreed upon.

May re-enact
and adopt
rules, by-laws,
etc.

SEC. 15. And be it enacted, That the president, vice-presi-
dent and directors of said corporation hereby created shall
have power to re-enact and adopt such rules and regulations
and by-laws for the government and management of the affairs
of said corporation as they shall deem advantageous to the
interest thereof; provided, the same be not contrary to the law
of the land.

SEC. 16. And be it enacted, That the General Assembly re-
serves the right to repeal, alter or amend this Act.