EDWIN WARFIELD, ESQ., GOVERNOR.

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money, and transfer, register and countersign certificates of

stock, bonds or other evidences of indebtedness, and to receive

Manage sink-

and manage any sinking fund of any corporation on such terms

ing funds.

as may be agreed upon.

SEC. 15. And be it enacted, That the said corporation shall

be and it is hereby authorized and empowered to guarantee the

Guarantee itt

security, integrity and income of investments in mortgages

come of in-
vestments.

upon real or leasehold property or chattel interests, in ground

rents, annuities, in stocks and bonds of any State, city, county,

municipality or corporation, or joint stock company or copart-

nership; 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 or

extended by or to any person or persons, firm or firms, co-

partnership or copartnerships, corporation or corporations,

joint stock company or point stock companies; and the said

corporation shall have the power to make and procure in-

surance of any kind and to execute and perfect all such instru-

ments of writing as may be required therefor.

SEC. 16. And be it enacted, That the said corporation shall

be and it is hereby authorized and empowered either for itself

May buy,

or as agent, to buy, improve, manage, sell, lease or otherwise

manage and

acquire and hold real and personal property in the State

dispose of
real and per

of Maryland or elsewhere, as fully and completely as a natural

sonal prop-
erty.

person; to loan money upon, purchase, sell or issue bonds or

mortgages or debenture bonds, upon 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 to make

advances, secured by mortgages, to be paid upon such terms,

at such times and in such instalments as may be approved by

said corporation ; to loan and borrow money for any of the cor-

porate purposes of said corporation ; to receive money on de-

posit, and may pay interest thereon; to have discretionary

power to invest at its pleasure its capital stock or assets, and the

increments thereof, and all moneys received in the course of

its business transactions, and to take, have, hold and enjoy

all such estates, real, personal or mixed, as may be obtained

with the moneys aforesaid, and the same to sell, grant, convey,

assign, mortgage, lease or otherwise dispose of at pleasure,

and to execute, acknowledge and deliver all deeds and other

legal papers and instruments of writing concerning the same;

to collect rents, ground rents, interest on mortgages, dividends

and incomes of all kinds, open accounts, promissory notes and