994

LAWS OF MARYLAND.

as a natural person, and to improve or repair the same, as may
appear expedient, by laying out and grading streets, and also
by the erection of buildings for dwellings or business pur-
poses, with the idea of sale, mortgage, or lease of the same;
and the said corporation shall be and is hereby authorized to
loan money upon purchase, sale, 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 make

Discretionary
power to
invest its
capital.

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 the said corpora-
tion, and to have discretionary power to invest at its pleas-
ure its capital stock; and all moneys received in the course
of its business transactions, and to take, have, hold and enjoy
all such estates, real or personal, as may be obtained with
moneys aforesaid; to execute, acknowledge and deliver all
deeds and legal papers and instruments concerning the same;
to collect rents, ground rents, interest or mortgages, divi-
dends and incomes of all accounts 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 laws
of this State, to enter in any agreement with this company
which shall be for the common benefit and will promote the
objects, business and purposes thereof.

Authorized
to take
upon storage,
merchandise,
furniture, etc

SEC. 8. And be it further enacted, That the said corpora-
tion shall be and is hereby authorized to take and receive upon
storage all and any merchandise, furniture, plates, etc., of any
kind whatever, and generally to do a regular storage business
for the care and keeping of merchandise, furniture, etc., and to
transact and perform all the business relating to such storage,
and that said corporation shall not be required to exercise
any other or greater care over any goods stored with it than
would be required of an individual engaged in a general
storage business, and that said corporation shall be entitled
to charge such commission, compensation for such storage as
may be agreed upon, and for the complete preservation and
keeping of such articles as may be committed to said cor-
poration for storage, said corporation may contract, erect,
purchase or lease such fire or burglar-proof buildings, vaults,
iron and composition safes, or other buildings or means which
may become necessary for its storage business.

Authority
to issue
bonds.

SEC. 9. And be it further enacted, That the said company
be and is hereby authorized and empowered to issue bonds,
with or without coupons attached, in such amounts and pay-