256

LAWS OF MARYLAND.

SEC. 4. And be it enacted, That said company shall have

Authority to
receive and

power to receive and hold on deposit, in trust and as security,

hold as tie-

any estate or property, real, personal and mixed, including

posit, etc.

cash, notes, bonds, and obligations of States, companies, cor-

porations and individuals, and the same to purchase, collect,

adjust, settle, sell and dispose of, and upon such terms as may

be agreed upon between them and the parties contracting with

them ; and said company shall have the power to receive money

subject to check, to buy and sell exchange, both domestic and

foreign, stocks, bonds, coin and bullion, and to lend money

on personal or other security.

SEC. 5. And be it enacted, That the said company be, and it

To act as trus-

is hereby authorized to act as trustee in or under any mortgage,

tee and to ex-

bond or other instrument or evidence of debt issued by any

ecute trusts.

municipality, body politic or corporation of the United States

of America, or of any State or of any one of the United States,

or of any colony, province or dependency of the United States,

or of any foreign country or government, or of any colony,

province, department, city or county of any foreign country ;

and to accept and execute trusts of any and every description

as fully as a natural person could, which may be committed

or transferred with its consent to it by any person or persons

whomsoever, bodies corporate or politic, wherever domiciled,

organized or doing business, or which may be committed to

it by any court in the State of Maryland, in the United States,

in any one of the States of the United States, or in any col-

ony, province or dependency of the United States, or which

may be committed to it by any court in any foreign country or

government, or in any colony, province, department, city or

county of any foreign government ; and to accept the office

and appointment of executor or administrator of any kind or

nature whenever such office or appointment is made by any

person or persons or by any Orphans' Court or other court

either of the State of Maryland or of any other State, or of

To transact

the United States, or of any colony, province or dependency

eign business.

of the United States, or of any foreign country or govern-

ment, or of any colony, province, department, city or county

of any foreign government ; and that in all cases where appli-

cation shall be made to any court of this State or of any other

State or of the United States or of any colony, province or de-

pendency of the United States, or of any foreign country or

government, or of any colony, province, department, city or

county of any foreign government for the appointment of any

receiver, curator, trustee, administrator, executor, assignee,

guardian, committee or any other fiduciary, it shall and may