474

LAWS OF MARYLAND.

ritory, city, county, municipality or corporation, or joint
stock company or copartnership; to guarantee the validity of
title to real, leasehold or chattel property, and to guarantee
the payment of credit, or any part thereof, given or extended,
or to be given or extended, by or to any person or persons,
firm or firms, copartnership or copartnerships, corporation
or corporations, joint stock company or joint stock com-
panies.

Authority to
take charge of
property, real
and personal,
etc.

SEC. 17. And be it further enacted, That said corporation
shall be and it is hereby authorized and empowered to take
the management and custody and charge of property, real
personal and mixed, and to advance money on securities
and credit, and upon any property, real, personal or mixed,
on such terms and with all such powers of sale, or other
disposition thereof, as by the charter or by-laws of this com-
pany, or by agreement in writing between the said company
and the person or persons to whom advances as aforesaid
may be made; and the said corporation shall be and it is
hereby authorized, either for itself or as agent, to buy, sell,
lease or otherwise acquire and hold real and personal prop-
erty in the State of Maryland or elsewhere, as fully and com-

May deal in
real and
personal
property.

pletely as a natural person, to improve the same, as may
appear expedient, by laying out and grading streets, and also
by the erection of buildings for dwelling and business pur-
poses, with the right to sell, grant, convey, assign, mort-
gage and lease the same; and the said corporation shall be
and it is hereby authorized to loan money upon, purchase,
sell, or issue bonds or mortgages or debenture bonds upon
the security of real or personal estates in the State of Mary-
land or elsewhere; to loan money upon real or personal securi-
ties; to loan money and make advances secured by mortgage
to be paid upon such terms as may be approved by said corpor-
ation; to loan and borrow money for any of the corporate pur-

Power

to invest its
capital stock.

poses of said corporation; to have discretionary power to
invest at its pleasure its capital stock or assets, and the
increments thereof, and all moneys received in the course of
its business transactions, and to take, have, hold and enjoy
all such estates, real, personal, mixed, as may be obtained
with the moneys aforesaid, and the same to sell, grant, con-
vey, assign, mortgage, lease and dispose of at pleasure, and
to execute, acknowledge and deliver all deeds and other legal
papers and instruments of writing concerning the same;
provided, however, that the said corporation shall make no
investment or disposition of any money or property deposited
with or held by it under the order or decree of any court