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Session Laws, 1931
Volume 580, Page 1092   View pdf image (33K)
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1092                       LAWS OF MARYLAND.                  [CH. 429

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 accept
and execute all other municipal or corporate trusts not incon-
sistent with the laws of this State.

Fifth. To accept trusts from and execute trusts for married
women, in respect to their separate property, and to be their
agent in the management of such property, or to transact any
business in relation thereto.

Sixth. To act under the order or appointment of any court
of record as guardian, receiver or trustee of the estate of any
minor or other person or corporation, and as the depositary of
toy moneys paid into court, whether for the benefit of any
such minor or other person, corporation or party.

Seventh. To take, accept and execute any and all such legal
trusts, duties and powers in regard to the holding, management
and disposition of any estate, real or personal, and the rents
and profits thereof, as may be granted or confided to it by any
court of record, or by any person, corporation, municipality or
other authority; and it shall be accountable to all parties in
interest for the faithful discharge of every such, trust, duty or
power which it may so accept.

Eighth. To take, accept and execute any and all such trusts'
and powers of whatever nature and description as may be con-
ferred upon or intrusted or committed to it by any person or
persons or any body politic, corporation or other authority, by
grant, assignment, transfer, devise, bequest or otherwise, or
which may be intrusted or committed or transferred to it or
vested in it by the order of any court of the State, and to take
and receive and hold any property or estate, real or personal,
which may be the subject of any such trust.

Ninth. To exercise, by its directors, duly authorized officers
or agents, all such powers as shall be usual in carrying on the
business of banking; by buying, discounting and negotiating
promissory notes, bonds, drafts, bills of exchange, foreign and
domestic, and other evidences of debt; by receiving deposits of
money upon which interest may be paid: by buying and selling
coin and bullion; by buying and selling exchange, foreign and
domestic; by purchasing, investing in and selling stocks, bills
of exchange, bonds and mortgages and other securities; by

 

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Session Laws, 1931
Volume 580, Page 1092   View pdf image (33K)
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