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LAWS OF MARYLAND.

SEC. 19. And be it enacted, That said bank may

Purchase and

purchase and convey real estate, as follows : first,

convey.

such as shall be necessary for its accommodation in

the transaction of its business ; second, such as shall

be mortgaged to it in good faith by way of security

for loans made by the bank, or moneys due thereto ;

third, such as shall be conveyed to it in satisfaction

of debts previously contracted ; fourth, such as it

shall purchase at sales under judgment, decrees or

mortgages held by said bank, and as provided in the

succeeding section.

SEC. 20. And be it enacted, That the said Citizens'

May purchase.

Bank of Annapolis may purchase and take any as-

signment, or any mortgage of any building or land

association, or any corporation or individual, and

hold the said mortgage, with the right to receive

the dues, weekly payments, interest, bonus and fines

thereon, and to enforce any fine or penalty for the

non-payment of the same, or either of them, and for

the non-performance or violation of any by-law, and

to enforce any covenant or stipulation in said mort-

gage, and to foreclose, assign and release the same,

Enforce fines
and penalties.

and generally to hold the said mortgages, with the

rights, powers and privileges of the building or land

association, or corporation, or individual assigning

them.

SEC. 21. And be it enacted, That the General As-

Reserves.

sembly hereby reserves to itself the rigtit to repeal,

alter or amend this act.

SEC. 22. And be it enacted, That this act shall take

In force.

effect from the date of its passage.

Approved April 11th, 1874.