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Additional
powers
granted.
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powers heretofore conferred upon it, is authorized to take
charge of, care for, and manage, any and all property of every
kind and description which may be placed in its charge, care
or management, by letters or powers of attorneys or other-
wise, as fully in every respect as could or may be done by an
individual; also to execute all authorities' and to attend to,
care for, and manage, all matters of business of every kind,
nature and description which may be conferred upon it by any
person or body corporate, including the sale, lease or other
disposition of property, real or personal, and to collect all
monies, with full power and authority to execute and deliver,
on behalf of its principals, deeds, leases, releases, bonds and
covenants, contracts or other instruments of writing; to
institute suits, actions or other proceedings on their behalf, and
to fully attend to any of said matters or things committed to
its charge, as fully in every respect as can or may be done by
an individual ; and all acts heretofore faithfully performed by
said company under powers of attorney are hereby ratified and
confirmed, and said company shall be and it is hereby author-
ized to exercise powers of sale of mortgaged premises,
wherever and whenever such power of sale is or may be con-
ferred upon it by any instrument of mortgage, either as mort-
gagee or as the attorney named therein, or as the assignee of
any mortgage ; and for the faithful execution of the powers
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Capital
stock liable.
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by this section conferred upon the said company, its capital
stock and surplus shall be liable in the same manner as the
said capital stock and surplus are now made liable by section
4 of the Act of the General Assembly of Maryland of 1876,
chapter 27, for the faithful performance of the duties therein
referred to ; and its stockholders shall also be liable to the
creditors and depositors of said corporation for double the
amount of stock at the par value held by the stockholders in
said corporation as provided by section 85 L of chapter 109 of
the Acts of the General Assembly of Maryland of 1892.
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Authorized to
own lands
and buildings
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SEC. 4. And be it further enacted, That the said Safe
Deposit and Trust Company of Baltimore be and it is hereby
authorized to own lands and buildings of every kind and
description which shall be reasonably required or convenient
to enable it to transact the business it is authorized to do.
SEC. 5. And be it further enacted, That this Act shall take
effect from the date of its passage.
Approved March 20, 1902.
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