ed, and to do all such things as are incident to a
Corporation.

Powers of
managers.

Sec. 2. And be it enacted, That the above
named persons shall be Managers of the said Bene-
ficial Savings Fund Society of Baltimore, the said
Corporation shall have power from time to time to
make by-laws, rules and regulations relative to the
election, duties, time of service, and number of
Managers and their successors, and the appoint-
ment of suitable officers and assistants. The said
Managers for the time being shall have power to
direct and determine the manner, conditions and
terms of receiving deposits, and the return and
re-payment of the same, when demanded by the de-
positors, and the investment of substantial securi-
ties of the amount in the custody of the Corpora-
tion, and generally to do and execute all and sin-
gular such acts, matters and things, which to the
said Corporation shall or may appertain, and may
be necessary for the purposes thereof, according to
the object, provisions and. conditions of this Act,
the articles and by-laws enacted from time to time
by this Corporation, and not being contrary to the
Constitution and laws of this State or of the United

Proviso.

States; provided, that this Act shall not be con-
strued to confer on said Corporation banking
privileges of any kind whatever.

May hold real
estate.

Sec. 3. Be it enacted by the General Assembly
That the said Corporation shall be able and capa-
ble in law to purchase, receive, improve and hold
such real estate, as to the Managers may seem pro-
per for the purposes of said Corporation, and for
the security of the depositors, and the same to
grant, bargain, sell, release, mortgage 'and dis-
pose of, as to them may seem expedient, and to
take, receive, hold, possess, enjoy and retain all
and all manner of lands, tenements, rents, stocks,
annuities, franchises and hereditaments, and any
sum or sums of money, and any manner or portion
of goods and chattels, and effects of what kind or
nature soever, whether real, personal or mixed, by
gift, grant; demise, bargain and sale, devise, bequest,
testament, legacy, loan, deposit or advance,
or by any other mode of conveyance or transfer
whatever.