500

LAWS OF MARYLAND.

Authority to
receive on
deposit, gold,
money, jewels,

etc.

deposit, storage or otherwise, all such valuables as gold, silver
or paper money, bullion, precious metals, jewels, plate, cer-
tificates of stock, evidences of indebtedness, promissory notes,
contracts, deeds or muniments of title, or other valuable
papers of any kind, or any other article or thing whatsoever,
and take charge and custody of real and personal estates and
securities, and advance money thereupon on such terms as
may be established or approved by said corporation; and it
may be lawful for any court of this State, or United States

Courts may
order deposits
to be made

court, into which moneys, stocks, bonds or other property
may be paid or deposited by agreement of parties, order,
judgment or decree of such court, to order and direct the
same to be deposited with said corporation; and that any
executor, administrator or other trustee or receiver, agent or
other public officer, having the control of any bonds, stocks,
security, moneys or other valuables belonging to others, shall
be and is hereby authorized to deposit the same for safe keep-
ing with said corporation; and that in all cases in which
public officers, municipal or private corporations may be
authorized to deposit money, stocks, bonds or evidences of
indebtedness, such deposits by such officers or corporations may
be made with said corporation; and for the complete preserva-
tion of all articles or things so deposited for safe keeping the
said corporation may construct, erect, purchase or lease such
suitable buildings and all other means which may be or become
necessary, and to maintain and let for hire vaults, safes and
like receptacles.

Capital stock
as security for
deposits.

SEC. 9. And be it enacted, That whenever any court shall
appoint the said corporation a receiver, trustee or assignee, or
shall order the deposit of money or other valuables of any kind
with said corporation, the capital stock of said corporation
shall be taken and considered as the security required by law
for the faithful performance of any duty imposed upon it by
the order or decrees of such rourt, unless the said court shall
deem proper to require further security; and the said corpora-
tion shall be absolutely liable in case of any default whatever;
such court may, from time to time, and whenever deemed
advisable by said court, appoint suitable persons to investi-
gate the affairs and management of said corporation, who
shall report to such court the manner in which such funds so
held as receiver, trustee or assignee are invested or held, and
the expense of such investigation shall be borne by the said
corporation, and such court may, if it deem necessary, examine
the officers of such corporation under oath or affirmation as
to such investments.