|
tion hereby created, shall have power to enact and adopt such
rules and regulations and bylaws for the government and
management of the affairs of said corporation, as they may
deem advantageous to the interests thereof ; provided the same
shall not conflict with the constitution and laws of this State
or of the United States.
SEC. 6. And be it further enacted, That said corporation be
and is hereby authorized to act as the fiscal or transfer agent of
|
Adopt rules
and regula-
tions.
|
|
any State, municipality, body politic or corporation, and in
such capacity to receive and disburse money, and transfer,
register aud countersign certificates of stock, bonds or other
evidences of indebtedness; and the said corporation shall also
have power, and is hereby authorized to take the management,
custody and charge of property, real, personal and mixed, and
to advance money on securities and credits, and upon any prop-
erty, real, personal or mixed, on such terms and with all such
powers of sale or other disposition thereof, as by the charter or
by-laws or this company, or by agreement in writing between
the said company and the person or persons to whom advances,
as aforesaid, may be made, and the said corporation shall be
and it is hereby authorized, either for itself or as agent, to buy,
sell, lease or otherwise acquire, and hold real and personal prop-
erty in the State of Maryland or elsewhere, as fully and com-
pletely as a natural person, to loan money upon, purchase, sell
or issue bonds or mortgages, or debenture bonds upon the
security of real or personal estates in the State of Maryland or
elsewhere, to loan money upon real or personal security, to
loan money and make advances secured by mortgage to be
paid upon such terms as may be approved by said corporation,
to loan and borrow money for any of the corporate purposes of
said corporation, to receive money on deposit subject to check
or otherwise, to have discretionary power to invest, at its
pleasure its capital stock, and all moneys received in the course
of its business transactions, and to take, have, hold and enjoy
all such estates, real or personal, as may be obtained with the
moneys aforesaid, to execute, acknowledge and deliver all
deeds and legal papers, and any instruments concerning the
same, to collect rents, ground rents, interest on mortgages,
dividends and incomes of all kinds, upon such terms as it may
arrange.
|
Certain
powers
granted.
|
|
SEC. 7. And be it further enacted, That the said corpora-
tion be and is hereby authorized to accept and execute as fully
as a natural person, trusts of any and every description, which
may be committed or transferred to it, with its consent, by any
|
Accept aud
execute
trusts.
|
