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640
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LAWS OF MARYLAND.
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all property of what kind soever mentioned or specified in any
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contract or agreement between the company and other parties,
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after ten days have elapsed from the time of maturity of any
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To sell
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obligation under said contract or agreement or immediately upon
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the discovery of any fraud, misrepresentation or concealment in
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regard to the ownership or otherwise which jeopardize the rights
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of the company or its security, and to re-imburse itself out of the
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avails of such sale for the money due it with interest, storage,
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cost and charges, and to indemnify itself for any loss it may have
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sustained by the non-fulfillment of each contract or by reason of
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said misrepresentation, fraud or concealment aforesaid.
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SEC. 15. And be it enacted, That the said company shall have
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power and authority to provide rules, regulations, by-laws or other-
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To make
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wise for, and to determine all matters of arbitrament or award
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amend
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referred or submitted to them by order of any court or agreement.
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of parties in interest whatsoever, upon such terms as may be
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agreed upon or established by said courts or said parties.
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SEC. 16. And be it enacted, That any and every court of any
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State into which moneys may be paid or deposited by agreement
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Other
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of parties, order, judgment or decree of such court, may order
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power:
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and direct the same to be deposited with said company; said
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company is authorized to collect incomes of estates, to act as
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executor, guardian, administrator, assignee or receiver, and to
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take custody of wills and all legal documents.
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SEC. 17. And be it enacted, That whenever the said company
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shall be appointed assignee, receiver, guardian, committee, trustee,
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executor or administrator, or whenever deposits of money or of
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Prefer-
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valuables of any kind shall be made with said company the
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ence.
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capital stock as subscribed for and its property and effects shall
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be taken and considered as the security required by law for the
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faithful performance of its duties and shall be absolutely liable,
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and no bond or other security shall be required from it, unless
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the court making the appointment should otherwise order, and
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in case of dissolution by a court of law or equity or otherwise,
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the debts, dues, moneys and obligations due from it as aforesaid
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shall have preference.
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SEC. 18. And be it enacted, That any individual or administra-
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tor, guardian, committee, receiver, assignee, trustee, State, county
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To deposit
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or municipal government or corporation, or public officer, or any
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person or persons acting for others having the custody of any
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bonds, stocks, securities, moneys or valuables, shall be authorized
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to deposit the same for safe keeping with said company.
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SEC. 19. And be it enacted, That every court wherein such
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To require
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company shall be appointed guardian, executor or administrator,
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committee of a lunatic, receiver, trustee or depository of moneys,
shall have power to make all orders and compel obedience thereto,
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and require said company to render all accounts which such court
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