446

LAWS OF MARYLAND.

transacted or carried on, or to be transacted or carried on in the
State of Maryland or elsewhere in connection with any per-
son, persons, firm, firms, copartnership, copartnerships, cor-
poration, corporations, joint stock company, joint stock com-
panies; provided, only that such investment shall, when
made, be thereupon advertised in the amount thereof and for
the time or period thereof in some newspaper published in
the city or county where the principal office or place of busi-
ness, as the case may be, of such person, persons, firm, firms,
copartnership, copartnerships, corporation, corporations,
joint stock companies or joint stock company shall be located
or intended to be located once a week for three successive
weeks, and said body corporate hereby incorporated shall
upon making such investment have with regard to such per-

Rights,
privileges and
liability.

sons or enterprises the full rights and privileges of a general
partner therein, and shall be liable for the payment of such
claims and demands as may be or may have been incurred by
such person, persons, firm, firms, copartnership, copartner-
ships, corporation, corporations, joint stock company, joint
stock companies for and on account of and for the benefit and
advantage of such business or enterprise only to the extent of
the investment so made and advertised, and to no other or
greater extent.

Right to
receive money
on deposit,
etc.

SEC. 6. And be it further enacted, That said body corporate shall
have the right to receive money on deposit, evidence of debt,
for collection, for discount or otherwise, chattels, stocks,
bonds and all proper writing on storage or as collateral
security, upon such terms as may be agreed upon or estab-
lished by said company, and shall have the right to guaran-
tee, endorse and secure the payment, punctual performance
and collection of notes, debts, due bills, bills of exchange,
contracts, bonds, accounts, claims, rents, securities, mort-
gages and interest thereon, titles to property, indebtedness of
individuals or of copartnership, firms, corporations, of joint
stock companies, loans of States, cities, counties and muni-
cipalities upon such terms as may be agreed upon or estab-
lished by said company.

Power to act
as agent.

SEC. 7. And be it further enacted, That the said body
corporate shall have power to act as the fiscal or transfer
agent of any State, municipality, body politic or corporate,
and in such capacity to receive and disburse money, and
transfer, register and countersign certificates of stock, bonds
or other evidence of indebtedness, and to receive and manage
any sinking fund of any corporation on such terms as may be
agreed upon or established by said company.