EDWIN WARFIELD, ESQ., GOVERNOR.

257

be lawful for such court, if it shall think fit, to appoint "The

Fidelity Trust Company," with its assent, such receiver, cura-

tor, trustee, administrator, executor, assignee, guardian, com-

mittee or other fiduciary, and the accounts of said company,

as such receiver, curator, trvistee, administrator, executor, as-

signee, guardian, committee or other fiduciary shall be regularly

adjusted and settled before the tribunal having jurisdiction

thereof, and upon such settlement and adjustment all proper,

legal and customary charges, costs and expenses shall be al-

lowed to said company for its care and management of the

trusts and estates aforesaid ; and such company as such re-

ceiver, curator, trustee, administrator, executor, assignee, guar-

Company sub-
ject to all or-

dian, committee or other fiduciary shall be subject to all orders

ders of court.

and decrees made by the proper tribunal under the laws of

the place where the appointment is made.

SEC. 6. And be it enacted, That when any court, person,

company or corporation aforesaid, shall appoint said company

Capital stock
as security.

a receiver, curator, trustee, administrator, executor, assignee.

guardian, committee or other fiduciary, or shall order the de-

posit of money or other valuables of any kind with said com-

pany, the capital stock, as paid in, shall be taken and considered

as the only security required by law for the faithful per-

formance of its duties ( provided the said court shall not deem

it necessary to require further security), and shall be abso-

lutely liable in case of any default whatever; the court, if it

deem the same 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 investments are made, and the security afforded to

those by or for whom its engagements are held, and the ex-

penses of such investigation shall be defrayed by said com-

pany; or the court may, if deemed necessary, examine the offi-

cers of said company under oath or affirmation as to the se-

Authority to

curity afforded; and said company is further authorized to

manage and

take charge of, care for, and manage any and all property of

care for real
and personal

every kind and description which may be placed in its charge,

property.

care or management, by letters or powers of attorney or other-

wise, as fully in every respect as could or may be done by

an individual ; also to execute all authorities and to attend to,

care for, and manage, all matters of business of every kind,

nature and description which may be conferred upon it by any

person or body corporate, including the sale, lease or other

disposition of property, real or personal, and to collect all

moneys, with full power and authority to execute and deliver

on be half of its principals, deeds, leases, releases, bonds and