JOHN WALTER SMITH, ESQ., GOVERNOR.

any salaried officer or employee of said corporation; and for
any violation of this provision the party or parties consenting
thereto, directly or indirectly, shall be liable to said corpora-
tion for the amount so loaned and all the expenses or losses
which may result therefrom.

473

SEC 15. And be it further enacted, That the said corpora-
tion shall be and it is hereby authorized and empowered to
guarantee the fidelity of any person or persons, firm or firms,
joint stock company or joint stock companies, corporation or
corporations, occupying positions of trust or responsility in,
to or under any State, county, city, corporation, company,
partnership, person or persons whatsoever, to become security
for the faithful performance of any trust, office, duty, con-
tract or agreement, to supersede any judgment, or to go upon
any appeal or other bond, and to insure the performance of any
lawful undertaking whatsoever, upon such terms as mav be
agreed upon or established by said corporation; and the said
corporation is further authorized to become sole security in
all cases where by law, one, two or more securities are
required for the faithful performance of any trust or office, and
it shall and may be lawful for any court, register, clerk or
other officer of any court to approve the bond or undertaking
of said corporation as sole security in all such cases; but in
such cases the officers and affairs of said corporation may be
subject to examination at any time by such court, or by the
officers or agents thereof, who may be by such court directed
to make such examination. And it shall be lawful for said
corporation to stipulate and provide for indemnity from the
parties aforesaid for whom it shall so become responsible, and
to enforce any bond, contract, agreement, pledge or other
security made or given for that purpose; and that said cor-
poration shall be subject to the provisions of each of Chapters
one hundred and nine and two hundred and seventy-nine of
the Acts of the General Assembly of Maryland, passed at
the January Session of eighteen hundred and ninety-two, so
long as said chapters shall respectively remain in force; pro-
vided that said corporation shall be subject at all times to the
provisions of the Acts of eighteen hundred and ninety-two,
Chapters one hundred and nine and two hundred and seventy-
nine, or amendments or supplements thereto.

Authority
to guarantee
the fidelity of
persons, firms,
corporations,
etc

SEC. 16. And be it further enacted, That said corporation shall
be and it is hereby authorized and empowered to guarantee
the security, integrity and income of investments in mort-
gages upon real or leasehold property or chattel interests, in
ground-rent annuities, in stocks and bonds of any State, ter-

Empowered to
guarantee
security and
income of
investments,
etc.