204

LAWS OF MARYLAND.

of debt, contracts, and all other personal property, and advance
moneys thereupon, on such terms as may be established or
approved by said company; that in all cases in which public
officers or municipal or private corporations are authorized to
deposit money, stocks, bonds or evidences of debt, such
deposits by such officers or corporations may be made with
said company.

Authorized
to accept
and execute
trusts, etc.

SEC. 10. And be it enacted, That the said company be and
is hereby authorized to accept and execute trusts of any and
every description which may be committed or transferred,
with their consent, to them by any person or persons whom-
soever, bodies corporate or public, or by any court in the State
of Maryland, or in any one of the United States, and accept
the office and appointment of executors or administrators 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 in this State or in any
one of the United States; and that in all cases where applica-
tion shall be made to any court of this State for the appoint-
ment of any receiver, trustee, administrator, executors,

May be
appointed as
receiver,
trustee, etc.

assignee, guardian or committee of a lunatic or minor, it
shall and may be lawful for such court, if it shall think fit, to
appoint the Annapolis Banking and Trust Company, with
their assent, such receiver, trustee, administrator, assignee,
guardian or committee; and the accounts of said company, as
such receiver, trustee, administrator, executor, assignee,
guardian or committee, shall be regularly settled and adjusted
before the tribunal; and upon such settlement and adjustment
all proper, legal and customary charges, costs and expenses
shall be allowed the said company for their care and manage-
ment of the trusts and estates aforesaid; and the said com-
pany, as such receiver, trustee, administrator, executor,
assignee, guardian or committee, shall be subject to all orders
or decrees made by the proper tribunal under the laws of
such State.

Security
for faithful
performance
of duties.

SEC. 11. And be it enacted, That when any court shall
appoint the said company as receivers, trustee, adminis-
trators, executor, assignee, guardian or committee, or shall
order the deposit of money or other valuables of any kind
with said company, the capital stock as paid in shall be taken
and considered as the security required by law for the faith-
ful performance of their duties, unless the court so appointed
shall deem further security necessary, and shall be absolutely
liable in case of any default whatever. The court, if it deem
it necessary, may from time to time appoint suitable persons