122

LAWS OF MARYLAND.

an "Act to incorporate the International Trust Company
of Maryland, and to re-enact the same with amendments."

International
Trust Co. ol
Maryland.

SECTION 1. Re it enacted by the General Assembly of Mary-
land, That Sections seven and twelve, of Chapter three hun-
dred and nine, of the Acts of the General Assembly of Mary-
land, of eighteen hundred and ninety-six, entitled an "Act
to incorporate the International Trust Company of Maryland,"
be and the same is hereby repealed and re-enacted so that the
same shall read as follows:

Authority to
accept and ex-
ecute Trusts.
etc.

7. That the said corporation be and is hereby authorized
and empowered to accept and execute trusts of any and
every description which may be committed or transferred
to it; and it may also be appointed to the office of trustee,
receiver, assignee, guardian, committee, executor or admin-
istrator, with its consent, by any person, persons, body
corporate or public; or by any court in the United States,
either United States, State or territoriall And the said cor-
poration is hereby authorized to accept and execute the trust
whenever such office or appointment is conferred or made by
any person, persons, body corporate or public, or by any
court, and in all cases where application shall be made to any
court for the appointment of any trustee, receiver, assignee,
guardian, committee, executor or administrator, it shall and
maybe lawful for said company to be appointed to such office;
and the accounts of such company as such trustee, assignee,
receiver, guardian, committee, executor or administrator,
shall be regularly settled before the court having urisdiction;
and upon such settlement and adjustment all proper, legal
and customary charges, costs, fees and expenses, shall be
allowed to said company for its care and management of such
trusts and estates. And the said corporation as such trustee,
assignee, receiver, guardian, committee, executor or adminis-
trator shall be subject to all lawful orders or decrees that may
be made by any court having jurisdiction in the premises.

May receive
money on
deposit.

12. That the said corporation shall have the right to re-
ceive deposits of money or securities, purchase, discount,
collect, hypothecate, sell or otherwise deal in chattels, bonds,
certificates, mortgages, notes, checks, drafts, loans, land
or other property and securities of any individual, firm or
corporation, upon such terms as may be established by said
company or agreed upon between the parties. And the said
corporation is further hereby authorized to endorse, guarantee
or secure the payment of any note, contract, bond, stock
warehouse receipt, bill of exchange or evidence of debt, issued