EDWIN WARFIELD, ESQ., GOVERNOR.

243

6. That the directors shall have power to declare such divi-
dends of the profits of said company as they may deem ex-

Dividends.

pedient; provided, that no dividend shall be declared where

the capital stock would be impaired thereby.

7. That said company shall have power to receive money
on deposit subject to check or otherwise, to act as agent for

Powers of
company.

the purpose of issuing, registering or countersigning certificates

of stock, bonds or other evidence of debt, of any State, corpor-

ation, association, municipality or public authority, on such

terms as may be agreed upon; to loan money upon, purchase,

sell or issue bonds or mortgages upon the security of real or

personal estate in the State of Maryland or elsewhere, to loan

and borrow money upon mortgages, to loan money upon, real

or personal securities, to loan money and make advances se-

cured by mortgages to be paid upon such terms as may be ap-

proved by said corporation, to loan and borrow money for any

of the corporate purposes of said corporation; and the said

corporation is hereby authorized to deal in exchange, foreign

and domestic, and in every and all description of property,

personal effects, securities, mortgages, land, certificates of in-

debtedness, stocks of incorporated companies, notes, loans on

bonds of the United States, or of any city, county, municipality,

of any incorporated company or any individual ; and the said
corporation is hereby authorized to endorse, guarantee or se-

Corporation to
endorse, etc.

cure the payment of any note, contract, bond, debt, bill of ex-

change, mortgage or evidence of debt of any kind, issued by

any individual, corporation, partnership, city, State, county

or municipality, upon such terms as may be agreed upon.

8. That any and every court into which moneys may be

paid or deposited by agreement of parties, order, judgment
or decree of such court, may order and direct the same to

To act on
court's or-
ders.

be deposited with said company; and any individual or ad-

ministrator, guardian, committee, receiver, assignee, trustee,

State, county or municipal government or corporation, or pub-

lic officer, or any person or persons acting for others having

the custody of any bonds, stocks, securities, moneys or values,

shall be authorized to deposit the same for safe keeping with

the said company.

9. That said company may receive upon storage, deposit

or otherwise, merchandise, specie, plate, bullion, stocks, promis-
sory notes, certificates and evidences of debt of any kind, con-

Storage, de-
posit, etc.

tracts and all other personal property, and advance moneys

thereupon on such terms as may be established or approved

by said company; that in all cases in which public officers or