592

LAWS OF MARYLAND.

public office therein free of charge, any or all such records as may be

required for said purposes; ninth, to make insurance for the

fidelity of persons holding places of responsibility or trust, and

for the faithful performance of every contract entered into with

any person or corporation, and to execute such bonds, recogni-

zances or instruments of writing, as may be required by law in

such cases, and to become security in any case to the extent of

its paid up capital stock and surplus and guarantee fund where

by law one or more securities may be required for the faithful

performance of any trust, office or duty; tenth, to become security

for the payment of all damages that may be assessed and directed

to be paid, for bonds and other property taken by any corpora-

tion public, quasi public, or municipal, which may by law be

authorized to condemn or take the same; eleventh, to become

security upon any writ of error or appeal in any proceedings in-

stituted in any court of this State, or of the United States, or

before any magistrate thereof, and to supersede any judgment,

decree or order for the payment of money obtained in any such

court, or before such magistrate, and in any and every case

whereby this act said corporation is authorized to become security

or superseder, any court or officer whose duty it is to approve

such security or superseder, is hereby authorized to accept said

corporation as such security or superseder, to the extent of its

said paid up capital stock and guarantee fund, any law, regula-

tion or practice requiring two or more securities or superseders

in such cases, to the contrary notwithstanding, and in every such

case the capital stock, property and effects of said corporation

shall be treated as sufficient security for the responsibility hereby

assumed to the extent of its said capital stock and guarantee

fund, and it shall be lawful for the said corporation in all such

cases to stipulate and provide for indemnity from the parties for

whom it becomes responsible as security or superseder, and to

enforce any contract or agreement made or given for that pur-

pose.

SEC. 7. And be it enacted, That it shall and may be lawful for

any court of this State, or elsewhere, to appoint this corporation,

with its consent, to execute any trust it may require to be ex-

ecuted, and the accounts of said corporation in the execution of

said trusts shall be regularly settled and adjusted before said

Courts

court, wherein said corporation shall be allowed all such proper

may ap-

legal charges, costs and expenses as are or may be allowed natural

point.

person in such cases, and in all proceedings in any court, or else-

where connected with any authority exercised under this act, all

accounts or other papers may be signed and sworn to on behalf

of said corporation, by any officer thereof, and the said corpo-

ration may plead or answer in any court of law or equity in this

State, by attorney, and without its seal, and the answer and ex-

amination under oath of such officer shall be received as the