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therefor its stock, bonds or other obligations, and to create
and issue lawful guarantees for the payments of moneys or
performances of obligations or undertakings in connection
therewith, upon such terms as may be agreed upon or estab-
lished by said company.
SEC. 5. And be it further enacted, That said body corporate
shall have the right to undertake, subscribe for, acquire,
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CHAP. 441
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hold, bargain, exchange, sell, grant, assign and convey land
or any interest or estate therein, chattels, choses in action,
checks, notes, bills receivable, bills payable, bills of exchange,
due bills, certificates of deposit, warehouse receipts, stocks,
bonds, franchises and securities of any other corporation,
mortgages on real, leasehold or chattel property, and every
and any evidence of debt; to advance money upon the
security thereof by receiving and holding the same on such
terms as may be agreed upon of established by the 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, mort-
gages, lands, certificates of indebtedness, stocks of incorpo-
rated companies, loans on bonds of the United States, or of
any State, city, town or municipality, or of any incorporated
company, co-partnership, joint stock company or individual,
upon such terms as may be agreed upon or established by
said company.
SEC. 6. And be it enacted, That the said corporation shall
be and it is hereby authorized, either for itself or as agent,
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Discretionary
powers
granted cor-
porations.
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to buy, 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 debent-
ure bonds upon the security of real or personal estate in the
State of Maryland or elsewhere; to loan money upon real or
personal security; to loan and borrow money for any of
the corporate purposes of said corporation; to have dis-
cretionary power to invest at its pleasure its capital and
the increment thereof, and all moneys received in the course
of its business transactions, and to take, have, hold and enjoy
all such estates, real or personal as may be obtained with
the moneys aforesaid, and to execute, acknowledge and
deliver all deeds and any legal papers, and any instruments
concerning the same; to collect ground rents, interest on
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Powers of
company.
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