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FRANK BROWN, ESQUIRE, GOVERNOR.
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909
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CHAPTER 688.
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AN ACT to amend section three of chapter 485 of the Acts
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of Assembly of the year 1882 (being an act entitled "An
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act to incorporate the Guarantee and Loan Company of
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Maryland "), and to re-enact the same in a new and
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amended form.
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SECTION 1. Be it enacted by the General Assembly of
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Maryland, That section 3, of chapter 485 of the Acts of
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Assembly of the year 1882 (being an act entitled "An act
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Amend-
ment.
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to incorporate the Guarantee and Loan Company of Mary-
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land"), be and the same is hereby repealed and re-enacted
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in a new and amended form, so as to read as follows, to-wit :
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SEC. 3. Be it enacted, That this company is hereby
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authorized to guarantee the payment punctual, performance ,
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Authority
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and collection of promissory notes, bills of exchange, con-
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to
guarantee.
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tracts, bonds, accounts, claims, rents, annuities, mortgages,
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choses in action, evidences of debt, and certificates of
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property or value, and of titles to property, real, personal
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or mixed, on such terms as may be established by the board
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of directors of this company; and this company shall also
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have power, aud is hereby authorized in and about the
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prosecution of its business, to hold and acquire any real or
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leasehold estate, or personal property, aud the same, from
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time to time, to sell, assign, transfer, convey, mortgage, or
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otherwise dispose of; also to receive on storage, deposit or
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otherwise, merchandise, bullion, specie, plate, stock, bonds,
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promissory notes, certificates and evidences of debts, con-
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tracts, or other property, and to take the management, cus-
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tody, and charge of real or personal eatate or property, and
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to advance money, securities and credits upon any property
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real, leasehold, personal or mixed, on such terms and with all
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such powers of sale, or other disposition thereof as shall be
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established by the charter or by-laws of this company, or by
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agreement in writing between the said company and the per-
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son or persons to whom advances as aforesaid may be made.
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SEC. 4. And be it further enacted, That this act shall
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take effect from the date of its passage.
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Effective
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Approved April 7th, 1892.
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