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CHAP. 585.
May invest in
mercantile
or other busi-
ness, etc.
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sum or sums of money in any mercantile, manufacturing,
commercial or other business, or in any lawful enterprise
transacted or carried on, or to be transacted or carried on
in the State of Maryland or elsewhere in connection with
any person, persons, firm, firms, copartnership, copartner-
ships, corporation, corporations, joint stock company, joint
stock companies; provided only, that such investment
shall, when made, be thereupon advertised in the amount
thereof, and for the time or period whereof, in some
newspaper published in the city or county where the prin-
cipal office or place of business, as the case may be, of such
person, persons, firm, firms, copartnership, copartnerships,
corporation, corporations, joint stock company or joint stock
companies shall be located or intended to be located, once a
week for three successive weeks ; and said body corporate
hereby incorporated shall, upon making such investment, have,
with regard to such business or enterprise, the full rights and
privileges of a general partner therein, and shall be liable
for the payment of such claims and demands as may be or
may have been incurred by such person, persons, firm, firms,
copartnership, copartnerships, corporation, corporations, joint
stock company or joint stock companies shall be located or
intended to be located, once a week, hereby incorporated, shall
upon making such investment, have, with regard to such busi-
ness or enterprise, the full rights and privileges of a general
partner therein, and shall be liable for the payment of such
claims and demands as may be or may have been incurred by
such person, persons, firm, firms, copartnership, copartnerships,
corporation, corporations, joint stock company or joint stock
companies, for and on account of and for the benefit and advant-
age of such business or enterprise, only to the extent of the
investment so made and advertised, and to no other greater
extent.
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Authority to
receive
money on
deposit, etc.
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SEC. T. And be it further enacted, That the said body cor-
porate shall have the right to receive money on deposit, evi-
dences of debt for collection, for discount or otherwise,
chattels, stocks, bonds and all pioper writings on storage
or as collateral security, upon terms as may he agreed upon or
established by said company, and shall have the right to
guarantee, endorse and secure the payment, punctual perform-
ance and collection of notes, debts, due bills of exchange, con-
tracts, bonds, accounts, claims, rents, annuities, mortgages and
interest thereon, choses in action, evidences of debt, checks,
titles to property, indebtedness of individuals or of copartner-
ships, firms, corporations or joint stock companies, loans of
States, cities, counties and municipalities, upon such terms as-
may be agreed upon or established by the said company.
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