LLOYD LOWNDES, ESQUIRE, G-OVERNOR.

as fully and completely as a natural person to improve the
game, as may appear expedient by laying out and grading
streets, and also by the erection of buildings for dwelling and
business purposes, with the right to sell, mortgage and lease
the same ; and the said corporation shall be and is hereby
authorized 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 securities ; 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 monies 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 monies aforesaid ;
to execute, acknowledge and deliver all deeds and legal papers
and instruments concerning the same ; to collect rents, ground-
rents, interest on mortgages, dividends and incomes of all kinds
upon such terms as may be arranged ; and it shall be lawful for
any other companies or corporations chartered or to be chartered
under the laws of this State, to enter into any agreement with
this company which shall be for the common benefit and will
promote the objects, designs and purposes thereof.
SEC. 16. And be it further enacted, That said company be
and is hereby authorized and empowered to issue bonds with

899

or without coupons attached, in such amounts and payable at
such times and places with interest not exceeding six per cent.,
as they may deem expedient ; said bonds to be secured by
mortgage or mortgages, deed or deeds of trust, or real, lease-
hold and personal property belonging to it.
SEC. 17. And be it further enacted. That the said company

Bonds issued.

be and it is authorized and empowered to loan money to the
County Commissioners of the respective counties of this State,
or to any municipal corporation throughout the State, to be
used in the promotion of any public improvements therein
authorized by law, or for any lawful purpose of any such county
or municipal corporation respectively.

SEC. 18. And be it further enacted, That the said company
be and is hereby authorized and empowered to lend and bor-

Loan money.

row money for any of the purposes for which it was created
upon the pledge or security of any stock, bonds, notes or other
choses in actions, claims of any instrument of writing or any
other lawful securities whatever.

Loan money.