JOHN WALTER SMITH, ESQ., GOVERNOR.

415

rated under the General Incorporation Laws of this State ;
provided always, that with reference to the conduct of such
life insurance business said corporation shall in all respects
conform to and be subject to the provisions of the Code of
Public General Laws of this State, Article 23, sections 112 to
142, title "Corporations," sub-title "Insurance and Insurance
Department," and to any amendments or additions thereto
now or hereafter to be made, to as full an extent as the same
are applicable to life insurance companies incorporated under
the General Laws of this State.

CHA P. 297.

SEC. 5. The said corporation shall be and it is hereby
authorized, either for itself or as agent, to buy, improve, sell,
lease or otherwise acquire and hold real and personal property
in the State of Maryland or elsewhere, as fully and completely
as a natural person ; to loan money upon, purchase, or sell, or
issue bonds or mortgages or debenture bonds upon the security
of real or personal estate in the State of Maryland or else-
where ; to loan money upon real or personal security ; to loan
money and to make advances secured by mortgages, to be paid
upon such terms, at such times and in such instalments as may
be approved by said corporation ; to loan and borrow money
for any of the corporate purposes of said corporation; receive
money on deposit; to have discretionary power to invest at its
pleasure its capital and its increment thereof, and all moneys
received in the course of its business transactions ; and to take,
have, hold and enjoy all such estates, real or personal, as may
be obtained with the moneys aforesaid ; and to execute,
acknowledge and deliver all deeds and legal papers and any
instruments concerning the same ; to collect ground rents,
interest on mortgages, dividends and incomes of all kinds, and
to have management and custody of all kinds of property on
such terms as it may arrange.

Real estate
may be
bought, sold
or improved.

SEC. 6. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as may be obtained by the investment of
their capital stock, and all other moneys or funds that may
come into their possession in the course of their dealings and
business; and the same to sell, grant, mortgage, lease, improve
and dispose of at their pleasure ; and to execute, acknowledge
and deliver all deeds and instruments of writing concerning
the same.

Authorized to
have, hold
and enjoy
real estate.

SEC. 7. And be it further enacted, That ten (10) days'
notice shall be given by publication in one or more newspapers
published in Baltimore city of the time and place of all annual
or special meetings of stockholders.

, Notice to be
given.