632

STATE OF MARYLAND.

CHAP. 423.

bonds, accounts, claims, rents, annuities, income, mortgages and
interest thereon, choees in action, titles to property, indebted-
ness of individuals or of copartnerships, corporations or joint
stock companies, and the loans of States, cities, counties and
municipalities, upon such terms and commissions as may be
agreed upon or established by the said company and the parties
dealing therewith ; provided, that no loan shall be made,
directly or indirectly, to any officer or employe of said com-
pany ; and for any violation of this provision the party or
parties consenting thereto, directly or indirectly, shall be liable
to said company for the amount so loaned, and all expenses
and losses which may result therefrom.

SEC. 10. And be it further enacted, That said company

Authority to
deal in real
or personal
property,
loan money,
issue bonds,
etc.

shall be and is hereby authorized to take the management,
control, custody and charge of property, real, personal or
mixed, and either for itself or 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 advance money on securities and credits
and upon any kind of property, real, personal or mixed, on
such terms and with such powers of sale or other disposition
thereof as by agreement in writing between the said company
and the person or persons, corporation or corporations to
whom advances as aforesaid may' be made ; to loan money and
to make advances secured by mortgage, to be paid upon such
terms, at such time, and in such instalments as may be
approved by said company ; to loan and borrow money for
any of the corporate purposes of said company; to collect
rents, ground rents, interest on mortgages, dividends and
incomes of all kinds, and to have the management and custody
of all kinds of property on such terms as it may arrange.

May invest in
mercantile,
manufacture
ing or other
business.

SEC. 11. And be it further enacted, That said company be
and it is hereby authorized, and it shall have discretionary
powers, to invest at. its pleasure its capital stock and the incre-
ments thereof, and moneys re-ceived on deposit, loan or other-
wise; provided, that said company, in the in vestment of funds
held by it as trustee, depositary, executor, administrator,
assignee, guardian or committee, shall be subject to the laws
of the States and the rules of Courts now existing or here-
after passed governing investments of such funds, by natural
persons when acting in such fiduciary capacities; that it is
authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as may be obtained by the investment of its
capital stock, and also with any, every and all other funds that
may come into its possession in the course of its business deal-
ings, and the same may sell, grant, lease, mortgage and dispose