244

LAWS OF MARYLAND.

municipal or private corporations are authorized to deposit

money, stocks, bonds or evidences of debt, such deposits by

such officers or corporations may be made with said company.

10. That the said company be and it is hereby authorized

To execute
trusts.

to accept and execute trusts of any and every description which

may be committed or tranferred. with their consent, to them

by any person whomsoever, bodies corporate or public, or by

any court in the State of Maryland, or in any one of the

United States, and accept the office and appointment of execu-

tors or administrators 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 in

this. State or in any of the United States ; and that in all

cases where application shall be made to any court of this

State for the appointment of any receiver, trustee, adminis-

trator, executors, assignee, guardian or committee of a luna-

tic or minor, it shall and may be lawful for such court, if it

shall think fit, to appoint the Annapolis Banking and Trust

Company, with their assent, such receiver, trustee, administra-

Receiver, trus-

tor, assignee, guardian or committee; and the accounts of

tee, etc.

said company as such receiver, trustee, administrator, executor,

assignee, guardian or committee, shall be regularly settled and

adjusted before the tribunal ; and upon such settlement and

adjustment all proper legal and customary charges, costs and

expenses shall be allowed the said company for their care and

management of the trusts and estates aforesaid ; and the said

company as such receiver, trustee, administrator, executor, as-

Subject to all

signee, guardian or committee, shall be subject to all orders or

decrees.

decrees made by the proper tribunal under the laws of such

State.

11. That when any court shall appoint the said company

Security.

as receiver, trustee, administrator, executor, assignee, guardian

or committee, or shall order the deposit of money or other

valuables of any kind with said company, the capital stock as

paid in shall be taken and considered as the security required

by law for the faithful performance of said company's duties,

unless the court so appointed shall deem further security ne-

cessary, 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 man-

Corporation's
affairs to be

agement of said company, who shall report to such court the

investigated

manner in which such investments are made and the security

from time
to time.

afforded to those by or from whom its engagements are

held, and the expenses of such investigation shall be defrayed