828

LAWS OF MARYLAND.

CHAP. 461

employ such other officers, clerks and agents as the business
of said company from time to time requires; all elections
shall be by ballot, and at such annual meetings of the
stockholders and all other meetings of the stockholders every
stockholder shall be entitled to one vote for every share of

Eligibility.

stock held by him, but no person shall be eligible as a
director who is not a stockholder to the amount of five shares
of stock.

SEC. 4. And be it enacted, That said company shall have
power to receive and hold on deposit, or in trust and as

Powers of
company.

security, any estate or property, real, personal or mixed,
including cash, notes, bonds and obligations of States, com-
panies, corporations and individuals, and the same to pur-
chase, collect, adjust, settle, sell and dispose of, and upon
such terms as may be agreed upon between them and the
parties contracting with them, and the said company shall
have the power to receive money subject to check, to pay
and sell exchange, both domestic and foreign, stocks, bonds,
coin and bullion, and to lend money on personal or other
security and generally to deal in every and all descriptions
of property or properties, personal effects, securities, mort-
gages, lands and certificates of indebtedness.
SEC. 5. And be it enacted, That the said company be and it
is hereby authorized to act as trustee in or under any mort-

Authorized to
act as
trustee.

gage, bond, instrument or evidence of debt issued by any
municipality, body politic or corporation of the United
States of America or of any State or of any one of the
United States, also to execute all authorities and to attend
to and 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 moneys, with full power and authority to execute
and deliver on behalf of its principal, deeds, leases, releases,

May execute
and deliver
deeds,
leases, etc.

bonds, 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 could or may be done
by an individual; and said company shall be and is hereby
authorized 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