JOHN WALTER SMITH, ESQ., GOVERNOR.

983

SEC. 7. And be it further enacted, That the said body cor-
porate shall have their right to invest upon 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
transacted 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, copartner-
ships, corporation, coporations, joint stock company, joint

May invest
in mercantile,
manufacturing
or other

business.

stock companies; 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 pub-
lished in the city or county where the principal office or place
of business, as the case may be, of such person, persons, firm,
firms, copartnership, copartnerships, corporation, corpora-
tions, joint stock company or joint stock companies, shall be
located, or intended to be located, once a week for three suc-
cessive 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
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,
copartnerships, corporation, corporations, joint stock com-
pany or joint stock companies, for and on account of and
for the benefit and advantage of such business, or enter-
prise, only to the extent of the investment so made and ad-
vertised, and to no other or greater extent.

Proviso.

SEC. 8. And be it further enacted, That the said body cor-
porate shall have the right to receive money on deposit,
evidences of debt for collection, for discount or otherwise,
chattels, stock, bonds and all proper writings on storage, or
as collateral security, upon such terms as may be agreed
upon or established by said company, and shall have the right
to guarantee, endorse and secure the payment, punctual per-
formance and collection of notes, debts, due bills, billsof
exchange, contracts, bonds, accounts, claims, rents, annui-
ties, mortgages and interest thereon, choses in action, evi-
dences of debt, checks, titles to property, indebtedness of
individuals or of copartnerships, firms, corporations or joint
stock companies, loans of States, cities, counties or munici-
palities, upon such terms as may be agreed upon or estab-
lished by the said company.

Authority to
receive money
on deposit,
stock, bonds,
etc.

SEC. 9. And be it further enacted, That the said body cor-
porate be and it is hereby authorized to accept and execute
trusts of any and every description which may be committed

Authority to
execute trusts
of every
description.