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Session Laws, 1902 Session
Volume 476, Page 868   View pdf image (33K)
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868

LAWS OF MARYLAND.

CHAP 605.

May receive
upon storage
merchan-
dise, specie,
etc.

bullion, stock, promissory notes, certificates and evidences of
debt, contracts, and all other personal property, and advance
money thereupon, on such terms as may be established or
approved by said company ; that in all cases in which public
officers, or municipal or private corporations are authorized to
deposit money, stocks, bonds, or evidences of debt, such
deposits by said officers or corporations may be made with said
company on such terms as may be agreed upon.

Bonds,
stocks, etc.,
deposited
with
company
for
safe keeping.

SEC. 9. And be it enacted. That any executor, administrator,
guardian or other trustee or public officer having the control
of any bonds, stocks, securities, monies or other valuables
belonging to others, shall be and is hereby authorized to
deposit the same for safe keeping with said company.

Certain
privileges
granted.

SEC. 10. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates, real
personal and mixed, as may be obtained by the investment of
their stock, and all other moneys and funds that may come
into its possession in the course of their dealings 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.

Authority to
have,
hold and
enjoy estates
etc.

SEC. 11. And be it further enacted, That the said corpo-
ration shall have power to receive and hold on deposit and
security, estates, real, personal and mixed, including money,
notes, bonds and obligations of States, companies, corpora-
tions and individuals, and the same to purchase, collect and
adjust, settle, sell and dispose of, and upon such terms as may
be agreed upon between it and the parties contracting with,,
and may pay interest on deposits of money which it may
receive from individuals, corporations, or otherwise.

Authority to
keep on
deposit gold
silver,
Jewels, etc.

SEC. 12. And be it further enacted, That the said corpo-
ration shall be and is hereby authorized and empowered to
receive and keep on deposit all such valuables as gold, silver
or paper money, bullion, precious metals, jewels, plate, certifi-
cates of stock or evidence of indebtedness, deeds or muni-
ments of title or other valuable papers of any kind, or any
other article or thing whatsoever which may be left or
deposited for safe keeping with said corporation ; and it may
and shall be lawful for any of the Courts of any State into
which moneys, stocks, bonds or other property may be paid
or deposited by agreement of parties, order, judgment or
decree of said Court, to order and direct the same to be
deposited with said corporation ; and it shall be entitled to
charge such commissions or compensation therefor as may be
agreed upon.



 
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Session Laws, 1902 Session
Volume 476, Page 868   View pdf image (33K)
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