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LAWS OF MARYLAND.

CHAP. 461

Discretionary
powers
granted to
corporations

SEC. 9. And be it enacted, That said company is au-
thorized and shall have discretionary power to invest at its
pleasure all money received on deposit, loan or otherwise ;
in all cases in which public officers of municipal or private
corporations, or other persons, are authorized to deposit
money, stock, bonds or evidences of debt, such deposits by
such officers or corporations, or other persons may be made
with said company upon such terms and upon such liability
as may be agreed upon, but no deposit of money made by
such officer or corporation or other person, unless otherwise
stipulated, shall be regarded as an ordinary general deposit,
made according to the custom and usage of banking.

SEC. 10. And be it enacted, That the said corporation shall

Authority
given to
collect
debts, etc.

have power to guarantee, endorse and secure the payment
and collection of notes, debts, bills of exchange, contracts,
bonds, mortgages, evidences of debt, certificates of property
and the title to property, real or personal, indebtedness of
corporations, partnerships, loans of States, cities, counties
and municipalities, on such terms or commissions as may be
agreed upon or established by said corporation and the
persons or corporations dealing therewith; 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 be agreed upon.

SEC. 11. And be it enacted, That said corporation shall

May borrow
money upon
warehouse
receipts.

have the power for the purpose of loaning or borrowing
money upon warehouse receipts; and the warehouse receipts
issued by said corporation shall be in every respect taken
and considered as if they were warehouse receipts issued by
third parties, and duly and legally acquired by said corpo-
ration.

SEC. 12. And be it enacted, That ten days' notice shall be

Annual
meeting of
stockholders

given by publication in one newspaper published in Harford
county, Maryland, of the time and place of the annual
meeting of the stockholders of this corporation.

SEC. 13. And be it enacted, That the directors shall have

Dividends
declared.

power to declare such dividends of the profits of the said
company as they may deem proper; provided, that no divi-