JOHN WALTER SMITH, ESQ., GOVERNOR.

however, in the aggregate, the said sum of one million dollars;
should the capital stock at any time be increased, as herein-
before provided, the stockholders at the time of such increase
shall be entitled to a pro rata share of such increase upon
payment of the par value of the same, and of such price in
excess of the par value, as the Board of Directors may
prescribe.

131

Sec. 3. And be it further enacted, That the said corporation
be and it is hereby authorized to accept and execute as fully
as a natural person, trusts of any and every description which
may be committed or transferred to it with its consent by any
person or persons whomsoever, bodies corporate or politic, or
by any court in the State of Maryland, or by the courts of
the United States, or any of the States or territories thereof;
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 any Orphans' Court or other court, either of this State
or of any one of United States; and that in all cases where
application shall be made to any court for the appointment
of any receiver, trustee, administrator, executor, assignee,
guardian of any minor or minors or committee of a lunatic, it
shall and may be lawful for such court to appoint the said
corporation, with its assent, such receiver, trustee, adminis-
trator, executor, assignee, guardian or committee, and when-
ever the said corporation shall be appointed a receiver,
trustee, administrator, executor, assignee, guardian or com-
mittee, the capital stock of said corporation maybe taken and
considered as the security required by law for the faithful
performance of any duties imposed upon it, unless the court
shall deem proper to require further security, and the said
corporation shall be absolutely liable in case of any default
whatever; and the accounts of said corporation as such
receiver, trustee, administrator, executor, assignee, guardian
or committee shall be regularly settled and adjusted before
the court making such appointment; and upon such settle-
ment and adjustment, all proper, legal and customary charges,
costs and expenses shall be allowed to said corporation, for
its care and management of the trusts and estates aforesaid,
in accordance with the practice of the court so appointing in
the case of natural persons when so appointed, and the said
corporation as such receiver, trustee, administrator, executor,
assignee, guardian or committee, shall be subject to all
lawful orders or decrees made by such court; and the said
corporation shall have power to act as the fiscal or transfer

Authority to
accept and ex-
ecute Trusts,
etc.