1298 LAWS OF MARYLAND.

poration shall be and is hereby authorized, either for itself or
agent, to buy, sell, lease or otherwise acquire, hold and enjoy
reasonable real property in the State of Maryland or elsewhere,
as fully and completely as a natural person; to improve the
same, as may appear expedient, by laying out and grading
streets, and also by the erection or alteration of buildings for
dwelling and business purposes, with the right to sell, mort-
gage 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 secur-
ity of real or personal estate in the State of Maryland or else-
where ; to loan money upon real or personal security; 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 moneys received in the
course of its business transactions, and to have, take, hold
and enjoy all such estates, real or personal, as may be obtained
with the moneys 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. 14. And be it enacted, That the said company be and
is hereby authorized and empowered to issue bonds, with or
without coupons attached, in such amounts and payable at
such times and places, with interest not exceeding six per
centum, as they may deem expedient; said bonds to be secured
by mortgage or mortgages, deed or deeds of trust, on real,
leasehold and personal property belonging to it.

SEC. 15. And be it enacted, That the said company be and
it is hereby 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. 16. And be it enacted. That the said company be and
is hereby authorized and empowered to lend and borrow
money for any of the purposes for which it was created upon