EDWIN WARFIELD, ESQ., GOVERNOR.

245

by said company, or the court may, if deemed necessary, ex-

amine the officers of said company under the oath' or affirma-

tion as to the security aforesaid.

12. That any executor, administrator, guardian, trustee or

public officer having the control of any bonds, stock, securities,
moneys or other valuables belonging to others, shall be and is

Authorized to
deposit bonds,
etc.

hereby authorized to deposit the same for safe keeping with

said company, but nothing contained in this Act shall be con-

strued to relieve any such officer depositing with said com-

pany as authorized by any section thereof, from any legal lia-

bility for such deposit, unless he shall have been ordered to

make the same by the proper court.

13. That said corporation shall have power to act as agent

for any person, firm or corporation which may engage in the
sale, lease, purchase, exchange or mortgage of real or per-

Power to act
as agent

sonal property, and to make contracts and agreements con-

sistent with laws, with such person or firm or corporations;

to take, have, hold and enjoy all such estates, real, personal

and mixed, as may be obtained by the investment of its cap-

ital 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 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 management, cus-

tody and charge of property, real and personal, and to ad-

vance 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, lease or otherwise acquire real

and personal property in the State of Maryland or elsewhere,

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, in-

terest on mortgage, 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 in-

come of investments in mortgages upon real or leasehold

property, in stock and bonds of any State, city, county, munici-

pality or corporation or joint stock company or copartnership;
to guarantee the validity of title to real, leasehold or chattel
property and to guarantee the payment of credit, or any part

To guarantee
the security
of invest-
ments, etc.

thereof, given or intended or to be given or intended, bv or

to any person, firm or corporation.

14. That the president, vice-presidents and directors of the

corporation hereby created shall have power to enact and