EDWIN WARFIELD, ESQ., GOVERNOR.

1207

real or personal property ; to exercise such powers in reference-

to the conveyance, mortgage, lease, sale or other disposition

of real or personal estate as may be conferred upon it by any

deed, contract or other instrument of writing; to act as agent

or attorney in fact under a formal power of attorney or other-

wise; and to fully attend to any such matters or things com-

mitted to its charge as may be done by an individual, and to

construct and maintain improvements on real or leasehold

estate.

SEC. 6. And be it enacted. That the said body corporate shall

have power to receive money on deposit on such terms as may

To receive
money on de-

be agreed upon, and to receive and keep on deposit and storage

posit, etc.

all valuables of every kind, or any other article or thing which

may be on deposit for safe keeping with said body corporate;

and for the preservation and keeping thereof it may construct

or otherwise obtain and maintain such vaults or buildings as

may be necessary; and it is further authorized to issue bonds,

debenture bonds or certificates of indebtedness, with or with-

out coupons attached, and upon such terms and conditions and

for such amounts as it may deem proper.

SEC. 7. And be it enacted, That the said body corporate be

and hereby is authorized to accept and execute trusts of any

Will accept
and execute

description which may be committed or transferred to it by

trusts, etc.

any person or persons, body corporate, or by any court in the

State of Maryland, or elsewhere; and in all cases where appli-

cation shall be made to any court in the State of Maryland,

or elsewhere, for the appointment of any such fiduciary officer,

it may be lawful for such court to appoint such body corporate

as such fiduciary officer, and the capital stock as paid in shall

be considered and taken as the security required by law for

the faithful performance of its duties as such fiduciary officer ;

provided, that the court shall not deem it necessary to require

further security ; and in all such cases the said body corporate

shall be subject to all orders and decrees of the court, and the

court may from time to time appoint suitable persons to investi-

gate the affairs and management of the company, or the court

may, if it deems necessary, examine the officers of said com-

pany under oath or affirmation as to the security afforded to

the persons for whom its engagements are held.

SEC. 8. And be it enacted, That any executor, administrator,

guardian, trustee or public officer having the control of any se-

Authority
given trus-

curities, money or other valuables, shall be and is hereby au-

tees, execu-

thorized to deposit the same for safe keeping with said body

tors, etc.