704

LAWS OF MARYLAND.

CHAP. 479

to receive money in trust or on deposit, and to accumulate
the same at such rate of interest as may be obtained or agreed
upon, or to allow such interest as may be agreed upon, not
exceeding the legal rate.

Court may
order money
to be
deposited
with
company
for
safe keeping.

SEC. 11. And be it further enacted. That any and every
Court into which moneys may be paid or deposited by agree-
ment of parties, order, judgment or decree of such Court,
may order and direct the same to be deposited with said com-
pany ; and any executor, administrator, guardian, committee,
receiver, assignee, trustee, agent or individual, or any State,
city, county or municipal government or corporation or public
officer, or any person or persons acting for others, having the
control or custody of any bonds, stocks, securities, moneys or
other valuables, shall be and is hereby authorized to deposit
the same for safe-keeping with said company.

Authority to
purchase,
hold, bargain
and sell
promissory
notes, etc.

SEC. 12. And be it further enacted, That said company
shall have the right to purchase and hold, bargain and sell, to
guarantee, endorse and secure the payment and punctual per-
formance and collection of promissory notes, debt, due bills,
bills of exchange, checks, contracts, bonds, accounts, claims,
rents, annuities, dividends, income, mortgages and interest
tbereon, choses in action, evidences of debt, certification of
property or value, indebtednesd of individuals or of copart-
nerships, firms, corporations or joint stock companies, and the
loans of States, cities, counties and municipalities, upon such
terms or commissions as may be agreed upon or established
by said company and the parties dealing therewith; to act
as trustee under any mortgage issued by any person or corpo-
ration, and to have the management of all kinds of property
on such terms as it may arrange.

Authority to
invest its
capital stock,
etc.

SEC. 13. And be it further enacted, That said company be
and it is hereby authorized, and shall have discretionary powers
to invest, at its pleasure, its capital stock and the increment
thereof, and moneys received in trust, on deposit, loan or other-
wise ; that it is authorized to take, have, hold and enjoy all
such estates, real, personal and mixed, as may be obtained with
the moneys aforesaid, and also with any, every and all other
funds that may come into its possession in the course of its
business dealings, and the same may sell, grant, lease, mort-
gage and dispose of in its discretion and at its will and plea-
sure, and execute, acknowledge and deliver all deeds and legal
papers and any instruments concerning the same; to advance
money on securities and credits and upon any kind of prop-
erty, 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,