898

LAWS OF MARYLAND.

court, shall have a preference in the distribution of assets of
said corporation.

SEC. 11. And be it further enacted, That any executor, ad-

Deposit for
safe keep-
Ing.

.

ministrator or other trustee or public officer having the control
of any bonds, stocks, security, monies or other valuables belong-
ing to others, shall be and is hereby authorized to deposit the
same for safe keeping with said corporation, that in all cases in
which public officers, municipal or private corporation author-
ized to deposit money, stocks, bonds or evidences of debt, such
deposits by such officers or corporations may be made with said
corporation.

SEC. 12. And be it further enacted, That the said corpora-

Receive and
hold on
deposit
estates, etc.

tion shall have the power to receive and hold on deposit and in
trust, and as security, estates, real, personal and mixed, including
money, notes, bonds and obligations of States, companies, cor-
porations and individuals, and the same to purchase, collect and
adjust, settle, sell and dispose of, and upon such terms as may
be agreed upon between it and the parties contracting with it.

Act as agent.

SEC. 13. And be it further enacted, That said corporation
shall have power to act as the fiscal or transfer agent of any
State, municipality, body politic or corporation, and in such
capacity to receive and disburse money and transfer, register
and countersign certificate of stock, bonds, or other evidence
of indebtedness.

SEC. 14. And be it further enacted, That the said corpora-

Merchandise,
etc., received
on deposit.

tion may receive upon storage, deposit or otherwise, merchan-
dise, specie, plate, stocks, promissory notes, certificates and
evidence of debt, contracts and all other personal properties
whatsoever ; take charge and custody of real and personal
estates and securities, and advance money thereupon on such
terms as may be established or approved by said corporation.

SEC. 15. And be it further enacted, That the said corpora-

Take man
agement
and charge
of property.

tion be and is hereby authorized and empowered to take the
management, custody and charge of property, real, personal
and mixed, and to advance money on securities and credits, and
upon any property, 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 of 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 cor-
poration shall be and is hereby authorized either for itself or
as agent, to buy, sell, lease or otherwise acquire and hold real
and personal property in the State of Maryland or elsewhere