ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

593

answer and examination of said corporation, and such court may

order and compel any anil all officers of said corporation to answer

and attend any proper examination it may order, or which may

be proper, in the same manner as if they were parties to the pro-

ceedings instead of said corporation.

SEC. 8. And be it enacted, That whenever this company shall

receive and accept any trust whatever, or become the depository

of moneys or valuables of any kind as provided for by the next

succeeding section of this act, the capital stock, property and

effects of this company shall be taken and considered as the

Security.

security required by law for the faithful performance of its duties

as aforesaid to the extent of its capital stock, surplus and guarantee

funds; provided, that the said court shall not deem it necessary

to require further security, and shall be absolutely liable in case

of any default whatever; and in case of the insolvency of this

company, or of its dissolution by any court or otherwise, the debt

due from it in the execution of any such trust as depository shall

have preference.

SEC. 9. And be it enacted, That any and every court of this

State may by decree or order, direct any moneys or properties

under its control, or that may be paid into court by parties to any

legal or other proceedings, or which may be brought into court

by reason of any order or judgment to be deposited with this

company, upon such terms and subject to such instructions as

To receive
deposits.

such court may prescribe; and that any executor, administrator,

guardian, committee, assignee, receiver or other trustee, or any

public officer or municipal corporation, having control of any

bonds, stock, securities, moneys or other valuables belonging to

others, shall be and are hereby authorized to deposit the same for

safe keeping with this company.

SEC. 10. And be it enacted, That whenever any court shall

appoint this company assignee, receiver, committee, executor or

administrator, or to execute any trust whatever, or as the deposi-

tory of any moneys or property of any kind, or approve of it as

security, the said court may in its discretion, or upon the appli-

cation of any person interested, appoint a suitable person to

investigate the affairs and management of this company, who

To Investi-
gate.

shall report to such court the manner in which its investments

are made and the security afforded to those by or for whom its

engagements are held, and the expense of such investigation,

certified by such court to be just and reasonable, shall be defrayed

by this company; or such court may, if deemed necessary, exam-

ine the officers of this company under oath or affirmation as to

the security aforesaid.

SEC. 11. And be it enacted, That this company shall keep all

trust funds and investments separate and apart from its own
38