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Session Laws, 1910 Session
Volume 487, Page 1422   View pdf image (33K)
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1422

LAWS OF MARYLAND.

assignee, guardian or committee shall be regularly settled and
adjusted before the tribunal having jurisdiction, and upon
such settlement and adjustment all proper legal and customary
charges, costs and expenses shall be allowed to said corpora-
tion for its care and management of the trusts and estates as
aforesaid, and the said corporation, as such receiver, trustee,
executor, administrator, assignee, guardian or committee, shall
be subject to all order or decrees of the proper tribunal in
premises under the laws of the State wherein such tribunal
shall or may exercise its jurisdiction.

SEC. 5. And be it further enacted, That the said corporation
is authorized to take, have, hold and enjoy all such estates,
real, personal and mixed, as may be obtained in the investment
of its capital stock or assets or that may come unto its pos-
session in the course of its dealings and business; and the
same to sell, grant, mortgage, lease and dispose of at pleasure,
and to execute, acknowledge and deliver all deeds and other
instruments of writing concerning the same.

SEC. 6. Avid be it further enacted. That the said corporation
shall have power to receive money on deposit subject to check
or otherwise; to act as agent for the purpose of issuing, regis-
tering, countersigning or underwriting certificates of stock,
bonds or evidence of debt of any State, city, county, munici-
pality or public authority, corporation, association or indi-
vidual, on such terms as may be agreed upon; to deal in ex-
change, foreign and domestic, and in every and all descriptions
of property, personal effects, securities, mortgages, land, cer-
tificates of indebtedness, stocks of incorporated companies,
notes, warehouse receipts and bills of lading, loans and stocks,
bonds of the United States, or of any State, city, county, mu-
nicipality or incorporated company.

SEC. 7. And be it further enacted, That the corporation here-
by incorporated shall have the right and power at any time to
unite or consolidate with any other corporation or corpora-
tions which may be incorporated for any one or more of the
purposes set forth in this Act or which may be authorized to
exercise any one or more of the powers conferred on the cor-
poration hereby incorporated. The power to consolidate con-
ferred by this Act shall include the power to fix the terms of
such consolidation, the amount and character of the capital
and stock of the corporation formed by such consolidation,
not exceeding in the whole in the amount the aggregate author-
ized capital of the constituent corporations, the shares of stock
and the consideration to be issued or paid to the stockholders
of the constituent corporation, the name of the consolidated
corporations, and to do all other acts, matters and things


 

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Session Laws, 1910 Session
Volume 487, Page 1422   View pdf image (33K)
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