876

LAWS OF MARYLAND.

CHAP. 609.

business under its charter, aud when the par value of any share
shall have been fully paid the same shall thereupon become
non-assessable and non-liable for or on account of any purpose
whatever ; and said body corporate shall have the right to
increase its capital stock from time to time by a majority vote
of the stockholders at a special meeting or meetings to be
called and held for that purpose, to any sum or sums not to
exceed twenty-five million dollars.

Authority to
purchase,
hod and sell
real estate,
etc.

SEC. 3. And be it further enacted. That the said body
corporate shall have the right to purchase and hold, bargain
and sell, grant, assign and convey land or any interest or estate
therein, chattels, choses in action, checks, notes, bills receiv-
able, bills payable, bills of exchange, due bills, certificates of
deposit, warehouse receipts, stocks, bonds, mortgages on real,
leasehold, chattel property, and every and any evidence of
debt, to advance money upon the security thereof, to receive
and to hold the same on storage or deposit or otherwise upon
such terms as may be established or approved by said company,
or of accepting mortgages or other liens thereon, and generally
to deal in every and all descriptions of property or properties,
personal effects, securities, mortgages, land, certificates of
indebtedness, stock of incorporated companies, loans on bonds
of the United States or stocks or bonds of any municipality,
State, association, or of any incorporated company, copartner-
ship, joint stock company or individual upon such terms as
may be established or approved by said corporation.

May
guarantee
the security
and income
of invest-
ments of
mortgages
upon
property, etc.

SEC. 4. And be it further enacted, That said body corporate
shall have the right to guarantee the security, integrity and
income of investments in mortgages upon real or leasehold
property, or chattel interest in ground rents, annuities in
stocks and bonds of any State, city, county, municipality or
corporation or association or joint stock company or copartner-
ship or individual, to guarantee the validity of title to real,
leasehold or chattel property, and to guarantee the payment
of credit or of any part thereof given or extended by or to
any person or persons, firm or firms, copartnership or copart-
nerships, corporation or corporations, joint stock company or
joint stock companies, association, associations.

May Invest in
mercantile
or other busi-
ness, etc.

SEC. 5. And be it further enacted, That the said body cor-
porate shall have the right to invest upon such terms as may
be agreed upon or established by said corporation, any sum or
sums of money in 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, copartnerships, association, associations,