EDWIN WARFIELD, ESQ., GOVERNOR.

385

and customary charges, costs and expenses shall be allowed to

said company for its care and management of the trusts and

estates aforesaid ; and such company as such receiver, curator,

trustee, administrator, executor, assignee, guardian, commit-

tee or other fiduciary, shall be subject to all orders 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, com-

pany or corporation aforesaid shall appoint said company a re-

Capital stock
the only se-

ceiver, curator, trustee, administrator, executor, assignee,

curity re-

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

quired by law.

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

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

ered 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 said 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 the said com-

pany, or the court may, if deemed necessary, examine the

officers of said company under oath or affirmation as to the

security afforded ; and said company is further authorized

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

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

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 disposi-

tion of property, real or personal, and to collect all moneys,

with full power and authority to execute and deliver on behalf

of its principals deeds, leases, releases, bonds and covenants,

contracts or other instruments in writing; to institute suits,

actions or other proceedings on their behalf, and to fully attend

to any of such matters or things committed to its charge, as

Right to insti-
tute raits, ac-

fully in every respect as can or may be done by an individual,

tions, etc.

and said company shall be and is hereby authorized to exercise

powers of sale of mortgaged premises, wherever and whenever

such power of sale is or may be conferred upon it by any in-

strument of mortgage, either as mortgagee or as the attorney