530

LAWS OF MARYLAND.

CHAP. 869

and business, and the same to sell, grant, mortgage, lease and
dispose of at pleasure; and to execute, acknowledge and
deliver all deeds and other instruments of writing concerning
the same.
SEC. 13. And be it enacted, That the said company be and

Authority,
to lend
and borrow
money.

hereby is authorized and empowered to lend and borrow
money for any of the purposes for which it was created, upon
the pledge or security of any stocks, bonds, notes or other
choses in action, claim of any instrument of writing, or any
other lawful securities whatever.

SEC. 14. And be it enacted, That the said corporation shall

Subject to
certain
provisions.

be subject to the provisions of chapter one hundred and nine
of the Acts of eighteen hundred and ninety-two, as amended
by chapter one hundred and sixty of the Acts of eighteen hun-
dred and ninety-six, and chapter two hundred and seventy-
nine of the Acts of eighteen hundred and ninety-two and to
all general laws applicable to associations of a nature similar
to that mentioned in this Act.

Authority
giren to
adopt rules,
etc.

SEC. 15. And be it enacted, That the president, vice-presi-
dent and directors of the corporation hereby created, shall
have power to enact and adopt such rules, regulations and
by-laws for the government and management of the affairs of
said corporation as they shall deem advantageous to the
interests thereof; provided, that the same be not contrary to
the laws of the land.

Location.

SEC. 16. And be it enacted, That the home office of this
body corporate shall be located in Carroll county, in the State
of Maryland.
SEC. 17. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 8, 1902.

CHAPTER 370.
AN ACT to repeal Sections two hundred and thirteen, two
hundred and fifteen, two hundred and sixteen, two hundred
and eighteen, two hundred and twenty-two and two hun-
dred and twenty-five of Article twenty of the Code of
Public Local Laws, title "Somerset County," sub-title
"Revenues and Taxes," as the same were amended by
Chapter three hundred and eighteen of the Act of eighteen
hundred and nine,ty-six relating to the appointment of a
County Treasurer and Clerk to the County Commissioners
and Collectors of the State and County Taxes in Somerset
County, and to enact the following Sections in lieu thereof.