916

STATE OF MARYLAND.

CHAP. 62C.

pose of at pleasure, and to execute, acknowledge and deliver
all deeds and other instruments of writing concerning the
same ; provided, however, that the said real estate so to be
held by them shall be only that occupied as their office and
place of business, with additional rooms to rent, not exceeding
in value ten thousand dollars, and in addition other real estate
not exceeding twenty-five hundred dollars, and also such real
estate as may come into their possession in satisfaction of a
debt due them upon mortgage, decree, judgment or other
debt.

Authority to
lend and
borrow
money, etc.

SEC. 11. And be it enacted, That the said company be and
is hereby authorized and empowered to lend and borrow
money for any of the purposes for which it was created,
upon the pledge or security of any stock, bonds, notes or
other choees in action, claims of any instrument of writing,
or any other lawful securities whatever.

Subject to
certain
provisions.

SEC. 12. And be it enacted, That the said corporation shall
be subject to the provisions of chapter 109 of the Acts of
1892, as amended by chapter 160 of the Acts of 1896, and
chapter 279 of the Acts of 1892, and to all general laws
applicable to associations of a nature similar to that mentioned
in this Act.

May adopt
rules, regula
tions, etc.

SEC. 13. And be it enacted, That the president, vice-presi-
dent and directors of the corporation hereby created shall have
power to enact and adopt such rules, regulations and by-laws
for the government and management of the affairs of said
corporation as they shall deem advantageous to the interests
thereof; provided, the same be not contrary to the laws of
the land.
SEC. 14:. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 11, 1902.

CHAPTER 627.
AN ACT to add a new Section to Article 14 of the Code of
Public Local Laws, title "Howard County," sub-title
"County Commissioners and County Collectors," to be
known as Section 45 A, and to follow Section 45 of said
Article.

New section
added.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That a new section be and the same is hereby
added to Article 14 of the Code of Public Local Laws, title
"Howard County," sub-title "County Commissioners and
County Collectors," to be known as section 45 A, and to follow
section 45 of said Article, and to read as follows :