JOHN WALTER SMITH, ESQ., GOVERNOR.

977

SEC. 4. And be it further enacted, That the said body cor-
porate shall have the right to receive money on deposit, evi-
dences of debt for collection, for discount or otherwise,
chattels, stocks, bonds and all proper writings on storage, or
as collateral secur-, upon such terms as may be agreed upon
or established by said company, and shall have the right to
purchase and hold, bargain or sell, or to guarantee, endorse
and secure the payment, punctual performance and collection
of notes, debts, due bills, bills of exchange, contracts, bonds,
accounts, claims, rents, annuities, mortgages, and interest
thereon, choses in action, evidences of debt, checks, titles to
property, indebtedness of individuals or of copartnerships,
firms, corporations or joint joint stock companies, loans of
States, cities, counties and municipalities, upon such terms as
may be agreed upon or established by the said company.

Rights and
privileges.

SEC. 5. And be it further enacted, That the said body cor-
porate be and it is hereby authorized to accept and execute
trusts of any and every description which- may be com-
mitted 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 administrator, of any kind or nature whenever such office
or appointment is conferred or made by any person or persons,
or by any Orphans' Court or other court either of this State
or of any of the United States, and that in all cases where
application shall be made to any court in the State of Mary-
land or elsewhere for the appointment of any receiver, trus-
tee, administrator, executor, assignee, guardian or commit-

Authority to
execute trusts
of every
description,
etc.

tee, it shall and may be lawful for such court, if it shall think
proper, to appoint said body corporate, with its assent, such
receiver, trustee, administrator, executor, assignee, guardian
or committee, and the accounts of said company as such re-
ceiver, trustee, administrator, executor, assignee, guardian or
committee, shall be regularly settled and adjusted before the
tribunal having jurisdiction; and upon such settlement and
adjustment all proper, legal and customary charges, cost and
expenses shall be allowed to said company for its cares and
management of the trusts and estates aforesaid; and the said
company as such receiver, trustee, administrator, executor,
assignee, guardian or committee 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 exer-
cise its jurisdiction.

Court may
appoint as
receiver, trus-
tee, guardian,
etc.