JOHN WALTER SMITH, ESQ., GOVERNOR.
to collect rents, ground rents, interest on mortgages, divi-
dends and incomes of all kinds upon such terms 'as may be
arranged, and it shall be lawful for any other companies or
corporations chartered or to be chartered under the jaws of
this State to enter into any agreement with this company
which shall be for the common benefit, and will promote the
object, designs and purposes thereof.
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65
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6 C. And be it further enacted, That said body corporate
shall have the right to guarantee the security, integrity and
income of investments in mortgages upon real or leasehold
property or chattel interests in ground rent annuities, in
stocks and bonds of any state, city, county, municipality
or corporation or joint-stock company or co-partnership;
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
and extended, by or to any person or persons, firm or firms,
co-partnership or co-partnerships, corporation or corporations,
joint stock company or joint stock companies.
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Right to
guarantee.
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10A. And be it further enacted, That said company shall
have power to act as fiscal or transfer agent of any State, city,
county, municipality, body politic or corporate, and in such
capacity to receive and disburse money and transfer, register
and countersign certificates of stocks, bond or other evidences
of indebtedness, and to receive and manage any sinking fund
of any corporation on such terms as may be agreed upon.
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Power to act
as fiscal agent,
etc.
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10B. And be it further enacted, That the said body corpo-
rate 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, commercial or
other business, or in any lawful enterprise transacted or car-
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Authority to
invest money.
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ried on, or to be transacted or carried on, in the State of
Maryland or elsewhere in connection with any person, persons,
firm, firms, co-partnership, co-partnerships, corporation, cor-
porations, joint stock company, joint stock companies; pro-
vided only, that such investments shall, when made, be there-
upon 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 business, as the
case may be, of such person, persons, firm, firms, co-partner-
ship, co-partnerships, 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 shall upon making such investment, have
with regard to such business or enterprise the full rights and
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Investment
advertised.
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