EDWIN WARFIELD, ESQ., GOVERNOR.

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of any corporation on such terms as may be agreed upon,
and to act as agent for any fire or life insurance company or
of any incorporated guarantee and bonding company.
SEC. 15. And be it enacted, That the said corporation shall
have power to invest its capital and the increment thereof, or

CHAP. 474

such funds as may be deposited with the said corporation
for that purpose from time to time, in the public funds of
the United States, or in any stock or property whatsoever,
and to dispose of said stocks, money and property in any
such manner (not contrary .to law) as may appear most
advantageous to the said corporation, and to take, have, hold
and enjoy all such estates, real, personal and mixed, as may
be obtained by the investment of the capital of said corpora-
tions and all other moneys or funds that may come into
their possession in the course of their dealings and business,
and the same to sell, grant, mortgage, lease and dispose of
at pleasure, and to execute, acknowledge and deliver all
deeds and other instruments of writing concerning the same ;
provided, however, that the said corporation shall make no

May invest its
capital stock

investments or disposition of any money or property
deposited with or held by it under the order or decree of
any court, without the authority of such court first had and
obtained.
SEC. 16. And be it enacted, That all laws or parts of laws
inconsistent with the provisions of this Act be and the same

Proviso.

are hereby repealed, so far as the corporation hereby created
is concerned; provided, that said corporation shall be sub-
ject at all times to the provisions of Section 104 of Article
23 of the Code of Public General Laws of 1904.

Repeal.

SEC. 17. And be it enacted, That the General Assembly of
Maryland reserves the right to repeal, alter or annul this Act
at its pleasure.
SEC. 18. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 3, 1906.

Right to repeal