EDWIN WARFIELD, ESQ., GOVERNOR.

991

SEC. 11. And be it enacted, That said corporation shall
have power to act as, agent for any person, firm or corpora-

CHAP. 508

tion which may engage in the sale, lease, purchase, exchange
or mortgage of real or personal property, and to make con-
tracts and agreements consistent with laws with such person
or firm or corporation; to take, have, hold and enjoy all such
estates, real, personal and mixed, as may be obtained by the
investment of its capital stock, and all other moneys or funds
that may come into its hands in the course of its dealings
.and business, and the same to sell, grant, mortgage, lease
and dispose of at its pleasure, and to execute, acknowledge
and deliver all deeds and other instruments in writing con-
cerning the same; and the said corporation is hereby author-
ized to take the. management, custody and charge of property,
real and personal, and to advance money upon the same on
such terms and with such powers of sale or other disposition
thereof as are enjoyed by natural persons; to buy, sell or
lease or otherwise acquire real and personal property in the
State of Maryland or elsewhere, either as agent or for itself,
as fully as a natural person, and to improve the same in any
way it may deem expedient by the erection of buildings or
otherwise; to collect rents, interest on mortgages, dividends
and incomes of all kinds upon such terms as may
be arranged: and the said corporation is hereby authorized

Powers to act
as agent for
persons,
firms or cor-
porations.

to guarantee the security, integrity and income of invest-
ments in mortgages upon real or leasehold property,
in stock a'nd bonds of any State, city, county, municipality
or corporation, or joint stock company or co-partnership.

SEC. 12. And be it enacted, That the president, vice-presi-

Validity of
titles to
property.

dents and directors of the corporation hereby created, shall
have power to enact and adopt such rules, regulations and
by-laws for the management of the affairs of said corpora-
tion as they shall deem advantageous to the interest thereof ;
provided, that the same be not contrary to the law of the
land.

SEC. 13. And be it enacted, That the General Assembly
reserves the right to repeal, alter or amend this Act at its

Authority to
enact and
adopt rules,
regulations,
etc.

pleasure; provided, that said corporation shall be subject at
all times to the provisions of law regulating the mode and
manner of conducting said corporation.

Eight to repeal
same.