JOHN WALTER SMITH, ESQ., GOVERNOR.

and advance money thereupon on such terms as may be
established or approved by said company; and that in all
cases in which public officers, or municipal or private corpor-
ations are authorized to deposit money, stocks, bonds or evi-
dences of debts, such deposits by such officers or corporations
may be made with said company; no loan, however, shall be
made to any officer or employe of said company; and for any
violation of this provision the party or parties making or con-
senting thereto, directly or indirectly, shall be liable to said
company for the amount so loaned, and also counsel fees any
losses which may result therefrom.

1145

SEC. 12. And be it further enacted, That the said corpora-
tion be and is hereby authorized and empowered to take the
management, custody and charge of property, real, personal
and mixed, and to advance money on securities and credits,
and upon any property, real, personal or mixed, on such
terms, and with all such powers of sale, or other dis-
position thereof as by the charter or by-laws of this com-
pany, or by the agreement in writing between, the said
company and the person or persons to whom advance as afore-
said may be made, and the said corporation shall be and is
hereby authorized, either for itself or as agent, to buy, sell,
lease or otherwise acquire and hold, real and personal property
in the State of Maryland or elsewhere as fully and completely
as a natural person to impose the same, as may appear expe-
dient by laying out and grading streets, and also by the erec-
tion of buildings for dwelling and business purposes, with the

Management
and custody
of property,
etc., and
advance
money, etc.

right to sell, mortgage and lease the same; and the said cor-
poration shall be and is hereby authorized to loan money upon,
purchase, sell or issue bonds, or mortgages or debenture bonds
upon the security of real or personal estate in the State of
Maryland, or elsewhere; to loan money on real or personal
securities; to loan money and make advances secured by
mortgage to be paid upon such terms as may be approved by
said corporation; to loan and borrow money for any of the
corporate purposes of such corporation; to receive money on
deposit subject to check or otherwise; to have discretionary
power to invest at its pleasure its capital stock and all moneys
received in the course of its business transactions, and to take,
have, hold and enjoy all such estates, real or personal, as may
be obtained with the moneys aforesaid; to execute, acknowl-
edge and deliver all deeds and legal papers and instruments
concerning the same; to collect rents, ground rents, interest
on mortgages, dividends and incomes of all kinds upon such
terms as may be arranged; and it shall be lawful for any other

Authority to
loan money,
sell or issue
bonds etc.