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814
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LAWS OF MARYLAND.
into its possession in course of its business dealings, and may
sell, grant, mortgage, lease and dispose of the same in its dis-
cretion, will and pleasure, and execute, acknowledge and deliver
all deeds and legal instruments for the same.
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May receive
property on
storage,
etc.
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SEC. 6. And be it enacted, That the following powers and
privileges are also granted the said incorporation: First, to receive
any personal property or estate on storage or safe deposit, on
such terms or rates of charge as may be agreed on; second, to
purchase, invest in and sell any kind of property, real, personal
or mixed, and to execute deeds, conveyances or assignments, or
transfers therefor; third, to receive deposits of money, securi-
ties and other property from any person or corporation, and to
accumulate the same, and to issue certificates of deposit there-
for, payable at such times and on such terms, and allowing such
rate of interest therefor as may be agreed upon, not exceeding
the legal rate of interest; provided, such certificate or bonds
do not at any time exceed twice the amount of the capital
stock actually paid in; fourth, to loan money on promissory
and negotiable notes, bills obligatory, or other evidence of debt,
and to borrow money at such rate of interest, not exceeding
the legal rate, and on such terms as may be agreed on, and to
issue therefor the obligations or bonds of the said association
with or without coupons attached.
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Effective.
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SEC. 7. And be it enacted, That this act shall take effect
from the date of its passage.
Approved April 4, 1896.
CHAPTER 472.
AN ACT to refund moneys erroneously paid into the State
Treasury by the Twenty-first German American Building
Association of Baltimore city, the Villa and Cottage Perm-
anent Building Association, the Halethorpe Building and
Loan Association of Baltimore county, and the South Balti-
more Perpetual Building and Loan Association of Anne
County.
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