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SECTION 1. Be it enacted ly the General Assembly of
Maryland, That Edward P. Hill, Edward H. Boulton, James
E. Ingram, N. George, D. Maxwell and Stanley Baker, and
such other persons as may hereafter become associated with
them in the manner herein provided, shall be and they are
hereby incorporated and made a body politic and corporate by
the name of the Maryland Securities Company, and by that
name, style and title shall have perpetual succession, may sue
and be sued, implead and be impleaded, complain and defend
in all Courts of Law and Equity, of record and other-
wise, make, purchase, receive, hold and enjoy to them, their
successors and assigns, all such lands, tenements, leasehold
estates and hereditaments, goods and chattels, securities and
estates, real, personal and mixed, of whatsoever kind and
quality, as may be necessary for the purposes of said corpora-
tion, as hereinafter defined by the second section of this Act,
and the same from time to time may sell, convey, mortgage,
encumber, charge, pledge, grant, lease, sub-lease, alien and dis-
pose of and also make and have a common seal and the same to
alter and renew at pleasure, and ordain, establish and put in
execution such by-laws, or ordinances, rules and regulations
as may be necessary or convenient for the government of the
said corporation, not being contrary to the constitution and
laws of the State of Maryland, and generally may do all and
singular the matters and things which to them shall appertain
to do for the well-being of the said corporation and the
management and ordering of the affairs and business of the
same.
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Body
corporate.
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SEC. 2. And be it further enacted, That the said corpora-
tion shall have powers as follows : To undertake, subscribe
for, acquire, hold, sell, exchange and deal in the stocks, bonds
and securities of any other corporations ; to promote and assist
financially or otherwise any other companies or associations,
and to create and issue lawful guarantees for the payments of
moneys, or performance of obligations or undertakings in
connection therewith, and to acquire, hold and exercise,
pledge or convey the franchises, good will, property and
assets, and undertake the liabilities of any persons, associa-
tions or corporations, and pay for the same in cash or in the
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Certain
powers
granted
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