PRIVATE ACTS. 1463

SEC. 9. And be it enacted, That said company is authorized
and shall have discretionary power to invest at its pleasure
all money received on deposit, loan or otherwise; in all cases
in which public officers of municipal or private corporations,
or other persons, are authorized to deposit money, stock, bonds
or evidences of debt, such deposits by such officers or corpora-
tions or other persons may be made with said company upon
such terms and upon such liability as may be agreed upon, but
no deposit of money made by such officer or corporation or
other person, unless otherwise stipulated, shall be regarded as
an ordinary general deposit, made according to the custom
and usage of banking.

SEC. 10. And be it enacted, That the said corporation shall
have power to guarantee, endorse and secure the payment and
collection of notes, debts, bills of exchange, contracts, bonds,
mortgages, evidences of debt, certificates of property, real or
personal, indebtedness of corporations, partnerships, loans of
States, cities, counties and municipalities, on such terms or
commissions as may be agreed upon or established by said
corporation and the perspns or corporations dealing therewith;
to act as the fiscal or transfer agent of any State, municipality,
body politic or corporate, and in such capacity to receive and
disburse money, and transfer, register and countersign cer-
tificates of stock, bonds or other evidences of indebtedness, and
to receive and manage any sinking fund of any corporation on
such terms as may be agreed upon.

SEC. 11. And be it enacted, That said corporation shall have
the power for the purpose of loaning or borrowing money
upon warehouse receipts, and the warehouse receipts issued
by said corporation shall be in every respect taken and con-
sidered as if they were warehouse receipts issued by third par-
ties, and duly and legally acquired by said corporation.

SEC. 12. And be it enacted, That ten days' notice shall be
given by publication in one newspaper published in Cecil
county, Maryland, of the time and place of the annual meet-
ing of the stockholders of this corporation.

SEC. 13. And be it enacted, That the directors shall have
power to declare such dividends of the profits of the said
company as they may deem proper; provided, that no dividend
shall be declared when the capital stock would be impaired
thereby.

SEC. 14. That said company shall be subject to the provis-
ions of chapter 109 of the Acts of the General Assembly of
1892, and the liability of the stockholders thereof shall at all