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Session Laws, 1910 Session
Volume 487, Page 1336   View pdf image (33K)
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1336 LAWS OF MARYLAND.

thirds of the outstanding stock at any regular or called stock-
holders' meeting, and the said directors, together with the
president and vice-president of the said corporation, shall have
power to enact and adopt such rules, regulations and by-laws
for the government and management of the affairs of the said
corporation as they shall deem advantageous to the interests
thereof.

SEC. 5. And be it further enacted, That said corporation be
and it is hereby authorized and empowered to receive money
on deposit subject to check or otherwise; to allow interest on
deposit when and as it may see fit; to collect rents, ground
rents, interest on mortgages, dividends and incomes of all
kinds upon such terms as it may arrange; to purchase and
hold, bargain and sell, assign, mortgage and generally deal in
any and all kinds of liquidated choses in action, checks, notes,
bills or exchange, certificate or deposit, warehouse receipts,
stocks, bonds, mortgages of real and personal property, and
any and every kind of evidence of debt; to advance money on
the security thereof by securing and holding the same, or ac-
cepting or lending money on mortgages thereon; to borrow
and loan money, and to discount' and rediscount notes, in
accordance with bank usages, taking such security therefor,
either real or personal, as the board of directors of said cor-
poration, or their duly constituted agents, may deem sufficient;
and generally to deal in every and all description of liquidated
choses in action, securities, mortgages, bonds, stocks, certifi-
cates of deposit, evidences of indebtedness,' loans or bonds of
the United States, or of any county, city, municipality or
public authority, incorporated company or individuals.

SEC. 6. And be it further enacted, That any and every court
into which money may be paid or deposited by agreement of
parties, order, judgment or decree of such court, may order
and direct the same to be deposited with the said corporation,
and any individual or administrator, guardian, committee,
receiver, assignee, trustee, State, county or municipal govern-
ment or corporation or public officer, or any person or persons
acting for others, having the custody of any bonds, stocks,
securities, moneys or values, shall be authorized to deposit the
same for safekeeping with the said corporation.

SEC. 7. And be it further enacted, That said corporation may
receive upon storage, deposit or otherwise, merchandise, specie,
plate, bullion, stocks, promissory notes, certificates and evi-
dences of debt, contracts and all other personal property, and
advance money thereupon on such terms as may be established
or approved by said corporation; that in all cases in which
public officers or municipal or private corporations are author-


 

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Session Laws, 1910 Session
Volume 487, Page 1336   View pdf image (33K)
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