JOHN WALTER SMITH, ESQ., GOVERNOR.

security required by law for the faithful 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, at any time after the expiration of the first
corporate year of its existence, appoint suitable persons to
investigate the affairs and management of said company, who
shall report to said court the manner in which said invest-
ments are made, and the security afforded to those by or from
whom its engagements are held, and the expenses of such
investigation shall be defrayed by such company; or the court
may, if deemed necessary, examine the officers of said com-
pany, under oath or affirmation, as to the security aforesaid.

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SEC. 12. And be it enacted, That any executor, administra-
tor, guardian or other trustee, or public officer, having the
control of any bonds, stock, securities, moneys or other val-
uables belonging to others, shall be and is hereby authorized
to deposit the same for safe-keeping with said company, but
nothing contained in this Act shall be construed to relieve
any such officer depositing with said company as authorized
by any section thereof from any legal liability for such deposits,
unless he shall have been ordered to make the same by the
proper court.

Executors,
trustees, etc.,
may deposit
moneys,
stocks and
bonds for
safekeeping.

SEC. 13. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates real,
personal and mixed, as may be obtained by the investment of
its capital stock, all other moneys or funds that may come into
its possession in the course of its dealings and business, and
the same to sell, grant, mortgage, lease and dispose of at
pleasure, and to execute, acknowledge and deliver all deeds
and other instruments of writing concerning the same; pro-
vided, however, that the said real estate so to be held by it shall
be only that occupied as its office and place of business, not
exceeding in value fifteen thousand dollars, and such as may
come into its possession in satisfaction of a debt due to it upon
mortgage, decree or judgment.

May invest its
capital stock
in estates,
real and
personal, etc.

SEC. 14. And be it enacted, That the president, vice-president
and directors of the corporation hereby created shall have power
to enact and adopt such rules, regulations and by-laws for the
government and management of the affairs of said corporation,
as they shall deem advantageous to the interest thereof; pro-
vided, the same be not contrary to the law of the land.

SEC. 15. And be it enacted, That the General Assembly
reserves the right to repeal, alter or amend this Act at its

Powes to
adopt rules,
by-laws and
regulations.