62

LAWS OF MARYLAND.

Authority to
receive money
etc. on deposit

6 A. And be it further enacted, That the said body corporate
shall have the right to receive money on deposit, evidences of
debt for collection, for discount or otherwise, chattels, stocks,
bonds and all paper-writings 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 guarantee,
endorse and secure the payment, punctual performance and
collection of notes, debts, due-bills, bills of exchange, con-
tracts, bonds, accounts, claims, rents, annuities, mortgages
and titles to property, indebtedness of individuals or of
co-partnerships, firms, corporations or joint stock companies,
loans of States, cities, counties and municipalities, upon such
terms as may be agreed upon or established by the said com-
pany.

Authority to
receive and
invest certain
properties,
loan money,

6 B. And be it further enacted, That the said corporation be
and is hereby authorized and empowered to take the manage-
ment, 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 dispositions thereof
as by the charter or by-laws of this company, or by agreement
in writing between said company and the person or persons
to whom advances as aforesaid 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 else-
where, as fully and completely 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 dwellings,
business or other purposes, with the right to sell, mortgage
and lease the same, and the said corporation 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 estates in the State of Maryland or elsewhere,
to loan money upon real or personal securities, to loan money
and to make advances secured by mortgages 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 said
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 monies received in the course
of its business transactions, and to take, have, hold and enjoy
all such estates, real and personal, as may be obtained with
monies aforesaid, to execute, acknowledge and deliver all
deeds and legal papers and instruments concerning the same,