406

LAWS OF MARYLAND.

	May guaran- tee notes, etc.	SBC. 2. And be it enacted, That said company shall have power to guarantee, indorse and secure the payment and punc- tual performance and collections of notes, debts, bills of exchange, contracts, bonds, accounts, claims, rents, annuities, mortgages, choses in action, evidences of debt, certificates of property or value, checks, and the title of property, indebted- ness of individuals, of corporations, partnerships, loans of States, cities, counties and municipalities, on such terms or com- mission as may be agreed upon or established by said company, and the parties dealing therewith.
	May receive plate, etc., upon storage.	SEC. 3. And be it enacted, That said company may receive upon storage, deposit or otherwise, merchandise, specie, plate, bullion, stocks, promissory notes, certificates and evidence of debt, contracts and all other personal property whatsoever, take charge and custody of real and personal estates and securities, and advance money thereupon on such terms as may be estab- lished or approved by said company; that in all cases in which public offices or municipal or private corporations are author- ized to deposit money, stocks, bonds or evidences of debt, such deposit by such officers or corporation may be made with said company.
	May sell property for charges	SEC. 4. And be it enacted, That it shall be lawful for said company to sell at public auction or private sale in its discre- tion, all property of what kind soever mentioned or specified, in any contract or agreement between the company and other parties, after ten days have elapsed from the time of maturity of any obligation under said contract or agreement or immediately upon the discovery of any fraud, misrepresen- tation or concealment in regard to the ownership or otherwise, which jeopardize the rights of the company or its security, and to reimburse itself out of the avails of such sale for the money due it, with interest, storage, cost and charges, and to in- demnify itself for any loss it may have sustained by the non-fulfillment of each contract, or by reason of said misrep- resentation, fraud or concealment aforesaid.
	Deposits by administra- tors, etc.	SEC. 5. And be it enacted, That any individual or adminis- trator, guardian, committee, receiver, assignee, trustee, State, or county or municipal government or corporation or public officer, or any persons acting for others, having the custody of any bonds, stocks, securities, moneys or valuables, shall be authorized to deposit the same for safe keeping with said company.