930

LAWS OF MARYLAND.

Court may
appoint person
to investigate.

such Court, appoint suitable persons to investigate 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 expenses 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 invest-
ments.

Preferences in
case of disso-
lution.

SEC. 9. And be it enacted, That in case of the dissolution of
said corporation the debts due from the corporation as re-
ceiver, trustee, assignee, executor, administrator, guardian or
committee, or depository of funds, under order of any court
or courts, shall be preferred in the distribution of the assets of
said corporation.

Power to
receive as
security es-
tates, real and
personal.

SEC. 10. And be it enacted, That the said corporation shall
have power to receive and hold on deposit and in trust, and
as security or otherwise, any estate, real, personal or mixed,
including notes, bonds, obligations of States, companies, cor-
porations and individuals, and the same to purchase, collect,
adjust, settle, sell and dispose of upon such terms as may be
agreed upon.

Manner of
conducting
business.

SEC. 11. And be it enacted, That the said corporation shall
have power to receive deposits of money, securities and other
personal property from any person, or public or private corpora-
tion upon such terms as may be agreed upon; and to loan
money on real or personal securities, to deal in exchange,
foreign and domestic, and in any and all descriptions of per-
sonal effects, securities, mortgages, lands, certificates of in-
debtedness, stocks of incorporated companies, notes, loans
or bonds of the United States, or of any State, city, county
or municipality, or of any incorporated company, or of any
individual; to loan money on or to issue debenture bonds
upon the security of real or personal property ; to loan money
on real or personal property to be repaid in instalments or
otherwise, provided that no loan shall be made directly or
indirectly to any officer or employe of said corporation; and
for any violation of this provision the party or parties con-
serting thereto, directly or indirectly, shall be liable to said
corporation for the amount so loaned, and all expenses or
losses which may result therefrom.

Power to act
as fiscal or
transfer agent
etc.

SEC. 12. And be it enacted, That the said corporation shall
have power to act as the fiscal or transfer agent of any State,
municipality, body politic or corporate, and in such capacity
to receive and disburse money and transfer, register and coun-