982

LAWS OF MARYLAND.

CHAP. 600

cities, counties and municipalities, on such terms or commis-
sions as may be agreed upon or established by said corpora-
tion and the persons or corporations dealing therewith; to
act as fiscal or transfer agent of any State, municipality, body
politic or corporate; and in such capacity to receive and
manage any sinking fund of any corporation on such terms
as may be agreed upon; and it may act as agent for any fire,
life or casualty insurance company.

SEC. 14. And be it enacted, That the said corporation shall

May invest its
capital in the
public fund
of the United
States.

have power to invest the capital and the increment thereof,
or such funds as may be deposited with the said corporation,
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 and hold and enjoy all
such estates, real, personal and mixed, as may be obtained
by the investment of the capital of the said corporation, and
all other moneys or funds that may come in their possession
in the course of their dealings and business, and the same to
sell, grant, mortgage, lease and dispose of at their pleasure,
and execute, acknowledge and deliver all deeds and other
instruments of writing concerning the same; provided, how-
ever, that the said corporation shall make no investment or
disposition of any money or property deposited or held by
it under the order or decree of any court, without the
authority of such court first having been obtained.

SEC. 15. And be it enacted, That all laws and parts of
laws inconsistent with the provisions of this Act be and

Repeal.

the same are hereby repealed so far as the corporation
hereby created is concerned; provided, that said corporation
shall be subject at all times to the provisions of the Act of
1904, Chapter 101.

Right
reserved.

SEC. 16. And be it enacted, That the General Assembly of
Maryland reserves the right to repeal, alter or annul this
Act at its pleasure.

SEC. 17. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 3, 1906.