386

LAWS OF MARYLAND.

named therein, or as assignee of any mortgage; and for the

faithful execution of the powers by this section 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, ex-

Authority to
deposit valu-

ecutor, administrator, guardian, committee, receiver, curator,

ables.

assignee or other person, or State, city or county officer or

public 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 au-

To take, have
and hold es-

thorized to take, have, hold and enjoy all such estates, real,

tates, funds,

personal and mixed, as may be obtained by the investment of

etc.

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

Right to regis-

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

ter or coun-
tersign

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

stocks, bonds,
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 exchange, foreign or domestic, and in every and all descrip-

tion of properties, personal effects, securities, mortgages, loans,

certificates of indebtedness, stocks of incorporated companies,

individual, firm, company or corporation notes or bonds.

SEC. 10. And be it enacted, That any court of this State,

Rights of

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

courts to or-
der deposits.

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

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

to be deposited with said company, and when such deposits

shall have been made, the same, like all moneys deposited with

said company by individuals or corporations, shall be at all

times subject to withdrawal by the check or order of the per-

sons entitled and duly authorized to withdraw the same.

SEC. 11. And be it enacted, That said company is author-

Discretionary

ized and shall have discretionary power to invest at its pleasure

powers grant-
ed to corpora

all money received on deposit, loan or otherwise, in all cases

tion.

in which public officers or municipal or private corporations or