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Session Laws, 1910 Session
Volume 487, Page 1363   View pdf image (33K)
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PRIVATE ACTS. 1363

therein, chattels, choses in action, checks, notes, bills of
exchange, certificates of deposit, warehouse receipts, stocks,
bonds, mortgages on real or leasehold property, and every and
any evidence of debt; to advance money upon the security
thereof by receiving and holding the same or accepting mort-
gages thereon, and generally to deal in every and all descrip-
tion of properties, personal effects, securities, mortgages, land,
certificate of indebtedness, stock of incorporated companies,
loans on bonds of the United States, or of any city, county or
municipality, or of any incorporated company or individual,
and to do the general business of a bank of discount 'and
deposit.

SEC. 4. And be it further enacted, That said corporation is
hereby authorized to receive, keep on storage or otherwise, all
such valuables as coin money, paper money, commercial or
precious metals, certificates of stock, plate, jewels, evidences
of indebtedness, notes, contracts, paper, personal property,
writings or any article whatsoever; to purchase, sell and take
charge of real and personal estate and securities; to advance
money thereon, and it shall be a sufficient and lawful depos-
itory for any moneys and securities by any trustee, receiver,
guardian, executor or administrator, or agent or other public
officer or fiduciary whatever; and they are hereby authorized
to deposit the same for safekeeping with the said corporation;
and authority is given the said corporation to receive savings
deposits, to maintain a savings department, and to make
investments in securities of the funds on deposit in the said
savings department in bonds, mortgages and stocks, or other
approved securities; and the said savings department deposits
shall be a first lien on the said securities so purchased, so that
upon a dissolution of the said corporation or a distribution of
the assets of the said corporation among the parties thereto
entitled the said sum so deposited in the savings department
shall constitute and be a prior lien on the securities so pur-
chased for the savings department aforesaid. The said corpora-
tion may construct, erect, purchase or lease such suitable
buildings, and use all other means which may be necessary;
to maintain and let for hire vaults, safes or other receptacles.

SEC. 5. And be it further enacted, That said corporation is
hereby authorized to accept and execute trusts of any and every
description, which may be committed or transferred, with its
consent, to it by any person or persons whatsoever, bodies
corporate or public, or by any court in the State of Maryland,
or in any of the United States, and to accept the office and
appointment of executor or administrator of any kind or nature
whenever such office or appointment is conferred or made by
any person or persons or by any orphans' court or other court


 

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Session Laws, 1910 Session
Volume 487, Page 1363   View pdf image (33K)
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