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Session Laws, 1904
Volume 209, Page 1116   View pdf image
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1116

LAWS OF MARYLAND.

 

rities, promissory notes, contracts, deeds or muniments of title,

 

or other valuable papers of any kind, or any other article or

 

thing whatsoever, and advance money thereupon on such terms

 

as may be established or approved by said corporation; and

 

that in all cases in which public officers or municipal or private

 

corporations are authorized to deposit money, stocks, bonds,

 

securities or evidences of debt, such deposits by said officers

 

or corporations may be made with said company ; and it may

 

and shall be lawful for any of the courts of this State or of any

 

other State or United States courts into which moneys, stocks,

 

bonds or other property may be paid or deposited by agree-

 

ment of parties, order, judgment or decree of such court,

 

to order and direct the same to be deposited with said corpora-

 

tion; and that any executor, administrator, trustee, assignee,

 

receiver, guardian, or committee, or State, county or municipal

 

government, or corporation, or public officer, or any person

 

or persons whatsoever having the custody or control of bonds,

 

stocks, securities, evidences of indebtedness, moneys or other

To maintain
vaults, etc.

valuables, belonging to others, shall be and is hereby author-

 

ized to deposit the same for safe keeping with said corporation ;

 

and for the complete preservation of all articles or things de-

 

posited for safe keeping, the said corporation may construct,

 

erect, purchase or lease such suitable buildings, and all other

 

means which may be or become necessary, and to maintain

 

and let for hire vaults, safes and like receptacles.

Money subject

SEC. 14. And be it enacted, That the said corporation shall

to check.

have power to receive money on deposit subject to check or

 

otherwise, evidences of debt for Collection, for discount or

 

otherwise, merchandise, specie, plate, bullion, stocks, bonds,

 

promissory notes and all other personal property on storage,

 

or as collateral security, upon such terms as may be agreed

 

upon or established by said corporation, and shall have the

 

right to guarantee, endorse and secure the payment, punctual

 

performance and collection of notes, debts, due bills, bills of

 

exchange, contracts, bonds, accounts, claims, rents, annuities,

 

mortgages and interest thereon, choses in action, evidences

 

of debt, titles to property, real, personal and mixed, indebted-

 

ness of individuals or of copartnerships, firms, corporations or

 

joint stock companies, contracts or loans of State, cities, coun-

 

ties and municipalities, upon such terms or commissions as

 

may be agreed upon or established by said company and the

 

parties dealing therewith, and shall have power to act as the

 

fiscal or transfer agent of any State, municipality, body politic

 

or corporate, and in such capacity to receive and disburse



 
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Session Laws, 1904
Volume 209, Page 1116   View pdf image
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