840

LAWS OF MARYLAND.

action to be applied in the same manner as herein-

before provided.

In force.

SEC. 13. And be it enacted, That this act shall take

effect from and after the date of its passage.

Approved April 11th, 1874.

CHAPTER 510.

AN ACT to incorporate the Baltimore Trust, Safe

Deposit, Insurance and Guarantee Company of

Baltimore.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That Lambert Gittings, William Gr. Har-

Incorporates.

rison, M. C. Mordecai, Richard J. Gittings, James

H. Buchanan, John Izand Middleton, and all other

persons who shall hereafter become stockholders in

the company incorporated, shall be a body corporate

by the name and style of the Baltimore Trust, Safe

Name and style

Deposit, Insurance and Guarantee Company of Bal-

timore, and by that name shall have perpetual suc-

cession, and sue and be sued in any court whatever.

SEC. 2. And be it enacted, That the corporation

hereby created shall have power to receive and hold

on deposit, and in trust, and as security, estate real

Powers.

and personal, and mixed, including notes, bonds and

obligations of States, and of the United States, com-
panies, corporations and individuals, and the same

to purchase, collect, adjust, settle, sell and dispose

of, and upon such terms as may be agreed upon be-

tween them and the parties contracting with them;

and shall have power to receive upon deposit for safe

keeping, money, jewelry, plate, stock, deeds, bonds

and valuable property of any kind, upon terms pre-

Powers.

scribed by the by-laws of the corporation, with also

powers and privileges of deposit and discount, and

general banking and banker's privileges ; and in the

event of the said corporation availing itself of the

banking privileges herein authorized, the stock-