640

LAWS OF MARYLAND.

all property of what kind soever mentioned or specified in any

contract or agreement between the company and other parties,

after ten days have elapsed from the time of maturity of any

To sell

obligation under said contract or agreement or immediately upon

the discovery of any fraud, misrepresentation or concealment in

regard to the ownership or otherwise which jeopardize the rights

of the company or its security, and to re-imburse itself out of the

avails of such sale for the money due it with interest, storage,

cost and charges, and to indemnify itself for any loss it may have

sustained by the non-fulfillment of each contract or by reason of

said misrepresentation, fraud or concealment aforesaid.

SEC. 15. And be it enacted, That the said company shall have

power and authority to provide rules, regulations, by-laws or other-

To make

wise for, and to determine all matters of arbitrament or award

amend

referred or submitted to them by order of any court or agreement.

of parties in interest whatsoever, upon such terms as may be

agreed upon or established by said courts or said parties.

SEC. 16. And be it enacted, That any and every court of any

State into which moneys may be paid or deposited by agreement

Other

of parties, order, judgment or decree of such court, may order

power:

and direct the same to be deposited with said company; said

company is authorized to collect incomes of estates, to act as

executor, guardian, administrator, assignee or receiver, and to

take custody of wills and all legal documents.

SEC. 17. And be it enacted, That whenever the said company

shall be appointed assignee, receiver, guardian, committee, trustee,

executor or administrator, or whenever deposits of money or of

Prefer-

valuables of any kind shall be made with said company the

ence.

capital stock as subscribed for and its property and effects shall

be taken and considered as the security required by law for the

faithful performance of its duties and shall be absolutely liable,

and no bond or other security shall be required from it, unless

the court making the appointment should otherwise order, and

in case of dissolution by a court of law or equity or otherwise,

the debts, dues, moneys and obligations due from it as aforesaid

shall have preference.

SEC. 18. And be it enacted, That any individual or administra-

tor, guardian, committee, receiver, assignee, trustee, State, county

To deposit

or municipal government or corporation, or public officer, or any

person or persons acting for others having the custody of any

bonds, stocks, securities, moneys or valuables, shall be authorized

to deposit the same for safe keeping with said company.

SEC. 19. And be it enacted, That every court wherein such

To require

company shall be appointed guardian, executor or administrator,

committee of a lunatic, receiver, trustee or depository of moneys,
shall have power to make all orders and compel obedience thereto,

and require said company to render all accounts which such court