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Session Laws, 1908 Session
Volume 483, Page 1462   View pdf image (33K)
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1462 LAWS OF MARYLAND.

matters or things committed to its charge as fully in every re-
spect as could or may be done by an individual; and said com-
pany shall be and is hereby authorized to exercise powers
of sale, mortgaged premises, wherever and whenever such
power of sale is or may be conferred upon it by any instru-
ment of mortgage, either as mortgagee or as the attorney
named therein or as the assignee of any mortgage; and for the
faithful execution of the powers by this action conferred upon
the said company its capital stock and surplus shall be liable.

SEC. 6. And be it enacted, That the said corporation is
hereby authorized to take, have, hold and enjoy all such es-
tates, real, personal and mixed, as may be obtained by the in-
vestment of its capital stock and all other moneys and funds
that may come into its possession 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 and acknowledge and
deliver all deeds and other instruments of writing concerning
the same.

SEC. 7. And be it enacted, That said company shall be and
is hereby authorized and empowered to receive and keep on
deposit, as bailee, for safe keeping and storage, all valuables,
gold, silver or paper money, bullion, precious metals, jewels,
plate, certificate of stock or evidence of indebtedness, deed or
emoluments of title or other valuable paper of any kind or any
other article or thing whatsoever which may be left on deposit
for safe keeping with said company and guaranteeing their
safety upon such terms and for such commissions or com-
pensations as may be agreed upon, and for the complete pre-
servation and safe keeping thereof is hereby authorized to con-
struct, erect, purchase, lease or rent such fire and burglar-
proof buildings, iron or composition safes or other means
which may be or become necessary, and rent vaults, safes and
other receptacles for such uses and purposes and generally to
transact and perform all the business relating to such deposit
and safe-keeping or preservation of all such articles or valua-
bles as may be deposited with said company.

SEC. 8. And be it enacted, That any court of this State, or
any other State of the United States, into which moneys may
be paid or deposited by agreement of parties, order, judgment
or decree of said court, may order and direct the same to be
deposited with said company, and when such deposits shall
have been made, the same, like all moneys deposited with said
company by individuals or corporations, shall be at all times
subject to withdrawal by the check or order of the person en-
titled and duly authorized to withdraw the same.

 

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Session Laws, 1908 Session
Volume 483, Page 1462   View pdf image (33K)
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