PRIVATE ACTS. 1421

said body corporate shall have the right to begin the prosecu-
tion of any business under its charter and to exercise any of its
corporate powers as soon as its said stock to the amount of
ten thousand dollars, which may be payable in such instalments
as the directors of said corporation may stipulate, shall have
been subscribed to and paid for.

SEC. 3. And be it further enacted, That said body corporate
shall have the right to purchase and hold, bargain and sell,
grant and convey, land or any interest or estate therein, and
to purchase and hold, bargain and sell, chattels, choses in
action, checks, notes, bills receivable, bills payable, bills of
exchange, due bills, certificates of deposits, warehouse receipts,
stocks, bonds, mortgages on real, leasehold or chattel property,
and every and any evidence of debt; to advance or lend money
upon the security thereof by receiving and holding the same on
such terms as may be agreed upon or established by the said
corporation, or of accepting mortgages or other liens thereon
or otherwise, and generally to deal in every and all description
of property and properties, personal effects, securities, mort-
gages, land, certificates of indebtedness, stock of incorporated
companies; and to buy and loan on bonds of the United States
or any State, city, county or municipality, or of any incorpor-
ated company or joint stock company, upon such terms as may
be agreed upon or established by said corporation; and fur-
ther to have full power to lease, hold, grant and convey land
or any estate therein; and further shall be able in law of
purchasing property, real, personal or mixed, or of leasing, or
becoming the lessee of, the same upon such terms and for such
periods of time as may be agreed upon.

SEC. 4. And be it further enacted, That said body corporate
be and it.is hereby authorized to accept and execute trusts of
every and any description which may be committed or trans-
ferred to it by any person or persons whosoever, bodies cor-
porate or public, or by any court of the State of Maryland,
or in any one 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 the Orphans' Court or
other court, either of this State or of any of the United
States; and that in all cases where application shall be made
to any court in the State of Maryland or elsewhere for the
appointment of any receiver, trustee, executor, assignee, guar-
dian or committee, it shall and may be lawful for such court,
if it shall think proper, to appoint said body corporate, with
its assent, such receiver, trustee, executor, administrator,
assignee, guardian or committee; and the accounts of said
corporation as such receiver, trustee, executor, administrator,