20 LAWS OF MARYLAND.

by this Article, or shall not be accompanied by evidence satis-
factory to the Bank Commissioner of the publication in good
faith according to the intent and purpose of this Act, of the
notice required in this Article, the Bank Commissioner shall
refuse to file such certificate until it shall be amended in con-
formity to the provisions of this Article. If such certificate is
in due form and duly executed, according to the provisions of
this Article, and is accompanied by evidence satisfactory to
the Bank Commissioner of the proper publication in good faith
of such notice, he shall forthwith endorse the same over his
official signature, "Filed for Examination," with the date of
such endorsement.

44. The Bank Commissioner shall, before issuing a certifi-
cate of authorization to any such corporation, examine or
cause an examination to be made in order to ascertain whether
the requisite capital of such organization has been paid in in
cash; and if it appears in such examination that such capital
has not been fully paid in in cash a certificate of authorization
shall not be granted; and no such corporation shall commence
business until such certificate of authorization has been
granted.

45. Upon the filing of any such certificate of authorization
of a trust company, the persons named therein and their suc-
cessors shall thereupon and thereby become a corporation and
shall possess the following powers:

First. To act as the fiscal or transfer agent of any State,
municipality, body politic or corporation; and in such capacity
to receive and disburse money, to transfer, register and coun-
tersign certificates of stock, bonds or other evidences of indebt-
edness, and to act as agent of any corporation, foreign or do-
mestic, for any lawful purpose.

Second. To receive deposits of trust moneys, securities and
other personal property from any person or corporation, and
to loan money on real or personal securities and to receive
money on deposit.

Third. To lease, hold, purchase and convey any and all real
property necessary in the transaction of its business, or which
the purposes of the corporation may require, or which it shall
acquire in satisfaction or partial satisfaction of debts due the
corporation under sales, judgments or mortgages, or in settle-
ment or partial settlement of debts due the corporation by any
of its debtors.

Fourth. To act as trustee under any mortgage or bond
issued by any municipality, body politic or corporation, and