766

LAWS OF MARYLAND.

CHAP. 422

exchange, contracts, bonds, accounts, claims, rents, annui-
ties, mortgages and interest thereon, choses in action, evi-
dences of debt, titles to property, real, personal and mixed,
indebtedness of individuals or of co-partnership, firms, cor-
porations or joint stock companies, contracts or loans of
State, cities, counties and municipalities, upon such terms
or commissions as may be agreed upon or established by
said company and the parties dealing therewith, and shall
have power to act as the fiscal or transfer agent of any State,
municipality, body politic or corporate, and in such capacity
to receive and disburse money and transfer, register and
countersign certificates of stock, bonds or other evidences of
indebtedness, and to receive and manage any sinking fund
of any corporation on such terms as may agreed upon.
SEC. 15. And be it enacted, That the said corporation shall
be and is hereby authorized and empowered to guarantee the

Guarantee the
security,
integrity and
income of
Investments
in mort-
gages, etc.

security, integrity and income of investments in mortgages,
upon real or leasehold property, or chattel interests in
ground rents, annuities; in stocks and bonds of any State,
city, county, municipality or corporation, or joint stock com-
pany or co-partnership; to guarantee the validity of title to
real, leasehold or chattel property, and to guarantee the pay-
ment of credit or any part thereof, given or extended, or to
be given or extended by or to any person or persons, firm or
firms, co-partnership or co-partnerships, corporation or cor-
porations, joint stock company or joint stock companies, and
the said corporation shall have the power to make and pro-
cure insurance of any kind, and to execute and perfect all
such instruments of writing as may be required therefor.
SEC. 16. And be it enacted, That the said corporation shall
be and is hereby authorized and empowered, either for itself

Discretionary
powers
granted to
corporation.

or as agent, to buy, improve, manage, sell, lease or otherwise
acquire and hold real and personal property, in the State of
Maryland or elsewhere, as fully and completely as a natural
person; to loan money upon, purchase, sell or issue bonds
or mortgages, or debenture bonds, upon security of real or
personal estates, in the State of Maryland or elsewhere; to
loan money upon real or personal securities; to loan money
and to make advances, secured by mortgages, to be paid
upon such terms, at such times and in such instalments as
may be approved by said corporation; to loan and borrow
money for any of the corporate purposes of said corporation ;