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Proceedings and Acts of the General Assembly, 1876
Volume 199, Page 30   View tiff image (57K)
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30

LAWS OF MARYLAND.

 

ment 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 made by the proper
tribunal under the laws of this State.

Security,

SEC. 4. And be it enacted, That where any court
shall appoint the said company a receiver, trustee,
administrator, executor, assignee, guardian or com-
mittee, or, shall order the deposit of money or other
valuables of any kind with said company, the cap-
ital stock as paid in, shall be taken and considered
as the security required by law, for the faithful per-
formances of their duties, provided the said court
shall not deem it necessary to require further security;
and shall be absolutely liable in case of any default
whatever; the court if it deem necessary, may from
time to time appoint suitable persons to investigate
the affairs and management of said company, who
shall report to such court the manner in which such
investments are made, and the security afforded to
those, by or for whom its engagements are held; and
the expenses of such investigations shall be defrayed
by the said company; or, the court may, if deemed
necessary, examine the officers of said company
under oath or affirmation as to the security aforesaid.

To deposit.

SEC. 5. And be it enacted, That any executor, ad-
ministrator, guardian or other trustee, or public offi-
cer having the control of any bonds, stocks, securi-
ties, monies, or other valuables belonging to others,
shall be and is hereby authorized to deposit the same
for safe keeping with said company.

May hold.

SEC. 6. 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 their capital stock, and all other
monies or funds that may come into their possession
in the course of their dealing 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 concern-
ing the same; provided, however, that the said real
estate so to be held by them shall be only that occu-
pied as their office and place of business, not exceed-



 
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Proceedings and Acts of the General Assembly, 1876
Volume 199, Page 30   View tiff image (57K)
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