982

LAWS OF MARYLAND.

ficates of deposit, warehouse receipts, stocks, bonds, mort-
gages on real, leasehold or chattel property, and every and
any evidence of debt, to advance money upon the security
thereof by receiving and holding the same on such terms as
may be agreed upon or established by the said company, or of
accepting mortgages or other liens. thereon, and generally to
deal in every and all descriptions of property or properties,
personal effects, securities, mortgages, land, certificates of
indebtedness, stock of incorporated companies, loans on bonds
of the United States, or of any State, city, county or municipal-
ity, or of any incorporated company, copartnership, joint stock
company or individual, upon such terms as may be agreed
upon or established by said company.

Right to
guarantee the
fidelity of
persons, firms,
etc.

SEC. 5. And be it further enacted, That the said body cor-
porate shall have the right to guarantee the fidelity of any
person or persons, firm or firms, joint stock company, or joint
stock companies, corporation or corporations, occupying posi-
tions of trust or responsibility, and to insure the performance
of any lawful undertaking whatsoever, upon such terms as
may be agreed upon or established by said company; and the
capital stock of said company, and all of its property and
estate, shall be taken and considered as the sole security
required by law for the faithful performance of the duties so
undertaken, and shall be absolutely liable in case of any default
whatsoever; and the said corporation is further authorized to
become sole security in all cases where by law one, two or
more securities are required, 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 company as sole
security in all such cases; but in such cases the officers and
affairs of the said company 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 take such examination.

May guarantee
the security
of investments
in mortgages,
etc.

SEC. 6. And be it further enacted, That the said body cor-
porate shall have the right to guarantee the security, integ-
rity and income of investments in mortgages upon real or
leasehold property, or chattel interests, in ground rent, an-
nuities, in stocks and bonds of any State, city, county, muni-
cipality or corporation, or joint stock company or copartner-
ship, to guarantee the validity of title to real, leasehold or
chattel property, and to guarantee the payment of credit, or
any part thereof, given or extended, or to be given or ex-
tended, by or to any person or persons, firm or firms, copart-
nership or copartnerships, corporation or corporations, joint
stock company or joint stock companies.