JOHN WALTER SMITH, ESQ., GOVERNOR.

447

SEC. 8. And be it further enacted, That the said body
corporate be and it is hereby authorized to except and execute
trust of any and every description which may be committed or
transferred with its consent, to it by any person or persons
whomsoever, bodies corporate or public, or by any court in
the State of Maryland or in any one of the United States, and
to accept the office and appointment of executor or adminis-
trator of any kind or nature, whenever such office or appoint-
ment is conferred or made by any person or persons or by any
Orphans' Court or other court, either of this State or any of
the United States, and that in all cases when application shall
be made to any court in the State of Maryland or elsewhere
for the appointment of any receiver, trustee, administrator,
executor, assignee, guardian or committee, it shall and may
be lawful for such court, if it shall think proper to appoint

Authority
to execute
trusts, etc.

said body corporate with its assent, such receiver, trustee,
administrator, executor, assignee, guardian or committee, and
the accounts of said company, as such receiver, trustee, admin-
istrator, executor, assignee, guardian or committee, shall be
regularly settled and adjusted before the tribunal having juris-
diction, and upon such settlement and adjustment all proper
legal and customary charges, cost and expenses shall be allowed
to the said company for its care and management of the trusts
and estate aforesaid, and the said company as such receiver,
trustee, administrator, executor, assignee, guardian or com-
mittee, shall be subject to all orders or decrees of the proper
tribunal in the premises under the laws of the State wherein
such tribunal shall or may exercise its jurisdiction.

Court
may appoint
as receiver,
trustee, etc.

SEC. 9. And be it further enacted, That whenever any court
shall appoint the said corporation, a receiver, trustee, assignee,
executor or administrator, guardian or committee, or shall
order the deposit of money or other valuables of any kind with
said corporation, the capital stock of said corporation may be
taken and considered as the security required by law for the
faithful performance of any duty imposed upon it by the orders
or decree of such court, unless the said court shall deem proper
to require further security.

SEC. 10. And be it further enacted, That the board of direct-
ors and managers of said body corporate shall consist of not
fewer than of five (5) and more than twenty-five (25) members
thereof.

SEC. 11. And be it further enacted, That said corporation be
subject at all times to the provisions of the Act of eighteen
hundred and ninety-two, Chapters one hundred and nine and
two hundred and seventy-nine, so long as said chapters shall

Capital stock
as security.