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Session Laws, 1904
Volume 209, Page 258   View pdf image
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258

LAWS OF MARYLAND.

 

covenants, contracts or other instruments of writing; to insti-

Authority to

tute suits, actions or other proceedings on their behalf, and to

powers of

fully attend to any of said matters or things committed to its

sale.

charge, as fully in every respect as can or may be done by an

 

individual ; and said company shall be, and is hereby authorized

 

to exercise powers of sale of mortgaged premises, wherever

 

and whenever such power of sale is or may be conferred upon

 

it by any instrument of mortgage, either as mortgagee or as

 

the attorney named therein, or as the assignee of any mort-

 

gage ; and for the faithful execution of the powers by this

 

action conferred upon the said company its capital stock and

 

surplus shall be liable in the same manner as herein provided.

 

SEC. 7. And be it enacted. That any individual, agent, execu-

To deposit
bonds, etc.,

tor, administrator, guardian, committee, receiver, curator, as-

for safe

signee or other person, or State, city or county officer or public

keeping.

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

 

control or other custody of any bonds, stocks, securities, moneys

 

or other valuables belonging to themselves or others, shall be

 

and are hereby authorized to deposit the same for safe keeping

 

with said company.

 

SEC. 8. And be it enacted, That the said corporation is here-

On executing
and deliver-

by authorized to take, have, hold and enjoy all such estates,'

ing deeds.

real, personal and mixed, as may be obtained by the invest-

 

ment of its capital stock and all other moneys or funds that

 

may come into its possession in the course of its dealings and

 

business, and the same to sell, grant, mortgage, lease and

 

dispose of at its pleasure, and to execute and acknowledge and

 

deliver all deeds and other instruments of writing concerning

 

the same.

 

SEC. 9. And be it enacted, That the said company is hereby

To act as
agents for

authorized to act as agent for the purpose of issuing, register-

States, corpo-

ing or countersigning certificates, stocks, bonds or other evi-

rations, etc.

dences of debt of any State, corporation, association, munici-

 

pality or public authority on such terms as may be agreed upon,

 

and to receive money on deposit subject to check, deal in ex-

 

change, foreign or domestic, and in every and all descriptions of

 

properties, personal effects, securities, mortgages, loans, certi-

 

ficates of indebtedness, stocks of incorporated companies, indi-

 

vidual, firm, company or corporation, notes or bonds.

 

SEC. io. And be it enacted, That any court of this State,

Moneys de-

of any other State or the United States, into which moneys

posited sub-
ject to with-

may be paid or deposited by agreement of parties, order, judg-

drawal by

ment or decree of said court, may order and direct the same

 

to be deposited with said company, and when such deposits



 
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Session Laws, 1904
Volume 209, Page 258   View pdf image
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