424

LAWS OF MARYLAND.

CHAPTER 244.

AN ACT to repeal and re-enact with amendments Section 3

of Chapter 78 of the Acts of 1902, entitled "An Act to fur-

ther amend the Act of the General Assembly of Maryland

of 1864, Chapter 242, and of 1876, Chapter 27, and other

Acts of the General Assembly of Maryland, relating to the

Safe Deposit and Trust Company of Baltimore."

Relating to

SECTION 1. Be it enacted by the General Assembly of Mary-

Safe Deposit
and Trust

land, That Section 3 of Chapter 78 of the Acts of 1902, en-

Company of
Baltimore.

titled "An Act to further amend the Act of the General As-

sembly of Maryland of 1864, Chapter 242, and of 1876, Chapter

27, and other Acts of the General Assembly of Maryland, re-

Additional

lating to the Safe Deposit and Trust Company of Baltimore,"

powers con-
ferred.

be and the same is hereby repealed and re-enacted with amend-

ments so as to read as follows :

3. The said Safe Deposit and Trust Company of Baltimore,

in addition to the powers heretofore conferred upon it, is au-

thorized to take charge of, care for and manage any and all

property of every kind and description which may be placed

in its charge, care or management, by letters or powers of at-

torney, or otherwise, as fully in every respect as could or may

be clone by an individual ; also to execute all authorities and to

attend to, care for and manage all matters of business of every

kind, nature and description which may be conferred upon it

by any person or body corporate, including the sale, lease or

other disposition of property, real or personal, and to col-

lect all moneys, with full power and authority to execute and

deliver, on behalf of its principals, deeds, leases, releases, bonds

and covenants, contracts, or other instruments of writing;

to institute suits, actions or other proceedings on their

behalf and to fully attend to any of said matters or things com-

mitted to its charge, as fully in every respect as can or may

be done by an individual ; and all Acts heretofore faithfully

performed by said company under powers of attorney are here-

by ratified and confirmed ; 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

Sale of mort-
gaged prop-

may be conferred upon it by any instrument of mortgage,

erty.

either as mortgagee or as the attorney named therein or as

the assignee of any mortgage ; and for the faithful performance

of the duties incident to the execution of the powers by this

section conferred upon said company, its capital stock, as paid

in, and surplus, shall be taken and considered as the security