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Session Laws, 1890
Volume 396, Page 648   View pdf image (33K)
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648

LAWS OF MARYLAND.


receive and manage any sinking fund thereof on such terms as may
be agreed upon; second, to receive deposits of trust moneys, secur-


ities and other personal property from any person or corporation,


and to accumulate the same and allow interest thereon at such


rate as may be obtained or agreed upon not exceeding the legal


rate; third, to lease, purchase, hold and convey any and all real


estate necessary in the transaction of its business, or which the


purposes of this company may require, and to erect and construct


thereon such fire and burglar proof buildings, vaults, safes or


other means which may be or become necessary for the uses of this


company, and such other real estate as it shall acquire in satisfac-


tion, or partial satisfaction of debts due this company under sales,


judgments or mortgages, or in settlement or partial settlement of


debts due this company by any of its debtors; fourth, to act as trus-


tees under any mortgage or bond issued by any municipality, body


politic or corporation, and accept and execute any other municipal
or corporate trust not inconsistent with the laws of this State; fifth,


to accept trusts from and execute trusts for married women in


respect to their separate property whether real, personal or mixed,


and to be their agent in the management, sale and disposition of


such property, or to transact any business in relation thereto ;


sixth, to take, accept and execute any and all such legal trusts,


duties and powers in regard to the purchase, holding, manage-


ment and disposition of any estate or property real, personal or

Additional

mixed, and the rents and the profits thereof as may he granted or

powers

confided to this company with its consent by any court of record or


any person, corporation, municipality or other authority, and this


company shall be accountable to all parties in interest for the


faithful discharge of every trust, duty or power which it may so


accept; seventh, to take, accept and execute any and all such


trusts and powers of whatever nature and description as may be


conferred upon or intrusted or committed to this company


with its consent, by any person or persons, or any body


politic, corporation, or other authority by grant, assignment,


transfer, devise, bequest or otherwise, or which may be intrusted


or committed or transferred to, or vested in this company by order,


decree or authority of any court of record, and to receive and take


and hold any property or estate real, personal or mixed, which


may be the subject of any such trust; eighth, to receive and hold,
on deposit and in trust and as security, estates real, personal and


mixed, including the notes, bonds, obligations of States, muni-


cipalities, corporations, companies and individuals, and the same


to purchase, collect adjust, and settle, sell and dispose of in any


manner, without proceeding in law or equity, and for such price


and upon such terms as may be agreed upon between this com-


pany and the parties contracting with it, and to execute, acknow-


ledge and deliver all deeds and other legal papers concerning the


same; ninth, to purchase, invest in and sell stocks of incorporated



 
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Session Laws, 1890
Volume 396, Page 648   View pdf image (33K)
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