376

LAWS OF MARYLAND.

Accept and

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

execute trusts.

be and they are hereby authorized to accept and

execute trusts of any and every description which

may be committed or transferred with their consent

to them, by any person or persons whomsoever,

bodies corporate or public, or by any court in the

State of Maryland, or of the United States, and to

accept the office and appointment of executors 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 of this State or 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

receivers, trustees, administrators, assignees, guar-

dian of any minor, or committee of a lunatic, it shall

and may be lawful for such court, if it shall think fit

to appoint the Trust, Safe Deposit and Insurance

Company of Baltimore, with their assent, such

receive", trustee, administrator, assignee, guardian

or committee, and the accounts of said company as.

such receiver, trustee, administrator, assignee, guar-

dian or committee, shall be regularly settled and

adjusted before the tribunal ; and upon such settle-

Legal and cus-
tomary charges

ment and adjustment, all proper, legal and customary
charges, costs and expenses, shall be allowed to said

company for their care and management of the trusts

and estates aforesaid ; and the said company, as such

receiver, trustee, administrator, executor, assignee,

guardian or committee, shall be subject to all orders

or decrees made by the proper tribunal under the

laws of this State.

Capital stock

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

security.

shall appoint the said company a receiver, trustee,

administrator, executor, assignee, guardian or com-

mittee, or shall order the deposit of money or other

valuables of any kind with said company, the capital

stock as paid in, not being less than fifty per centum.

thereof, shall be taken and considered as the security

required by law for the faithful performance of their

duties; provided, the said court shall deem it neces-

Investigate.

sary to require a further security, and shall be abso-

lutely 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 management of said company, who shall report