EDWIN WARFIELD, ESQ., GOVERNOR.

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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 appoint suitable persons to

investigate the affairs and management of said company, who

shall report to such court the manner in which such invest-

ments are made and the security afforded to those or from

whom its engagements are held, and the expenses of such in-

vestigation shall be defrayed by said company, or the court

may, if deemed necessary, examine the affairs of said company

under the oath or affirmation as to the security aforesaid.

SEC. 12. And be it enacted., That any executor, administra-

tor, guardian, trustee or public officer having the control of

Executors,
guardians,

any bonds, stocks, securities, moneys or other valuables be-

trustees, etc.

longing to others, shall be and is hereby authorized to deposit

the same for safe keeping with said company ; but nothing con-

tained 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 deposit, unless he

shall have been ordered to make the same by the proper court.

SEC. 13. And be it enacted, That said corporation shall have

power to act as agent for any person, firm or corporation

Power to act
as agent for

which may engage in the sale, lease, purchase, exchange or

persons, firms
or corpora-

mortgage of real or personal property, and to make contracts

tions.

and agreements consistent with laws with such person or firm

or corporation, to take. have, hold and enjoy all such estates,

real, personal and mixed, as may be obtained by the investment

of its capital stock, and all other moneys or funds that may

come into its hands in the course of its dealings and business.

and the same to sell, grant, mortgage, lease and dispose of

at its pleasure, and to execute, acknowledge and deliver all

deeds and other instruments in writing concerning the same,

and the said corporation is hereby authorized to take the man-

agement, custody and charge of property, real and personal,

and to advance money upon the same on such terms and with

such powers of sale or other disposition thereof as are enjoyed

by a natural person; to buy, sell or lease or otherwise acquire

real and personal property in the State of Maryland or else-

where, either as agent or for itself as fully as a natural person,

and to improve the same in any way it may deem expedient

by the erection of buildings or otherwise ; to collect rents, inter-

est on mortgages, dividends and incomes of all kinds upon such

terms as may be arranged ; and the said corporation is hereby

authorized to guarantee the security, integrity and income

of investments in mortgages upon real or leasehold property,