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Session Laws, 1910 Session
Volume 487, Page 1222   View pdf image (33K)
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1222 LAWS OF MARYLAND.


SEC. 8. And be it enacted, That the said corporation is hereby
authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as may be obtained by the investment of
its capital stock and all other moneys or 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
the pleasure, and to execute and acknowledge and deliver all
deeds and other instruments of writing concerning the same.

SEC. 9. And be it enacted, That the said company is hereby
authorized to act as agent for the purpose of issuing, register-
ing or countersigning certificates, stocks, bonds or other evi-
dences' of debt of any State, corporation, association, munici-
pality or public authority, on such terms as may be agreed
upon, and to receive money on deposit, subject to check, and
savings account, deal in exchange, foreign or domestic, and in
every and all descriptions of properties, personal effect, securi-
ties, mortgages, loans, certificates of indebtedness, stocks of
incorporated companies, individual, firm, company, indebted-
ness, stocks of incorporated companies, individual firm, com-
pany or corporation notes or bonds.

SEC. 10. And be it enacted, That any court of this State, or
any other or the United States, into which moneys may
be paid or deposited by agreement of parties, order, judgment
or decree of said county, 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 corporation, shall be at all times
subject to withdrawal by the check or order of the persons
entitled and duly authorized to withdraw the same.

SEC. 11. And be it enacted, That said company is authorized
and shall have discretionary power to invest at its pleasure
all moneys received on deposit, loan or otherwise; in cases in
which public officers or municipal or private corporations or
other pesrons are authorized to deposit money, stocks, 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 any deposit of money made by such officers or corpora-
tions or other persons, unless otherwise stipulated, shall be
regarded an ordinary general deposit, may be made according
to the custom and usage of banking; and said company shall
have power and authority to provide rules, regulations, by-laws
or other means for and to determine all matters of arbitrament
or award referred or submitted to it by order of any court, or
as may be agreed upon, provided or established by said court or
By said parties.


 

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Session Laws, 1910 Session
Volume 487, Page 1222   View pdf image (33K)
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