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Session Laws, 1900
Volume 97, Page 612   View pdf image (33K)
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612

LAWS OF MARYLAND.

contracts and all proper personal property on storage, or as
collateral security, upon such terms as may be agreed upon or
established by said company; and 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 dis-
burse money, and transfer, register and countersign cer-
tificates of stock, bonds or other evidences of indebtedness;
and to receive and manage any sinking fund of any corpora-
tion on such terms as may be agreed upon.

Right to
invest sums
of money
in various
enterprises.

SEC. 14. And be it further enacted, That the said body
corporate shall have the right to invest, upon such terms as
may be agreed upon or established by said company, any sum
or sums of money in any mercantile, manufacturing, com-
mercial or other business, or in any lawful enterprise trans-
acted or carried on, or to be transacted or carried on, in the
State of Maryland or elsewhere in connection with any person,
persons, firm, firms, copartnership, copartnerships, corpora-
tion, 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 whereof, 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 company or joint stock companies 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
business or enterprise, the full rights and privileges of a gen-
eral partner therein, and shall be liable for the payment of
such claims and demands as may be or may have been in-
curred by such person, persons, firm, firms, copartnership,
copartnerships, corporation, corporations, joint stock company
or joint stock companies, for and on Recount 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.

Authorized
to hold
estates, real
and personal,
mortgage and
sell, etc.

SEC. 15. And be it further enacted, That the said corpora-
tion is hereby authorized and empowered to take, have, hold
and enjoy all such estates, real, personal and mixed, as may
be obtained by the investment of its capital stock or assets,
and the increments thereof, and all other moneys or funds
that may come into its possession in the course of its deal-
ings and business, and the same to sell, grant, convey,



 
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Session Laws, 1900
Volume 97, Page 612   View pdf image (33K)
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