ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

643

ment, sale and disposition of their properties, also to buy, sell,

improve and develop real estate.

SEC. 9. And be it enacted, That in all cases where an applica-

tion shall be made to any court or orphans' court having jurisdic-

Court may

tion for the appointment of a guardian of the estate of an infant

appoint

or lunatic, the said court shall have power to appoint said com-

pany as guardian or committee of the estate of such infant or

lunatic upon application on behalf of said parties.

SEC. 10. And be it enacted, That said company is authorized

and shall have discretionary power to invest at its pleasure,

moneys received in trust, on deposit loaned, or otherwise; that it

To Invest.

is authorized to take, have, hold and enjoy all such estate, real,

personal and mixed, as may be obtained with the moneys afore-

said, and also with any, every and all other funds that may come

into its possession in course of its business dealings, and the same

may sell, grant, mortgage, lease and dispose of in its discretion,

and execute, acknowledge and deliver all deeds or other papers

and instruments conveying the same.

SEC. 11. And be it enacted, That the said company shall be and

is hereby authorized and empowered to insure the fidelity of per-

sons holding places of trust or responsibility of any State, cor-

poration, company, person or persons whatsoever, to endorse for

and enter security and become security for the faithful performance

of any trust, office, duty, contract or agreement, and to supersede

any judgment, or to go upon any bond to appeal from any order,

judgment or decree of any court of record, and it is further

To insure

authorized to become sole surety in all cases where by law two or

fidelity,&c.

more sureties are required for the faithful performance of any

trust or office, and it shall be lawful for any court to approve said

company as sole surety in all such cases, and in every such case

the capital stock of said company shall be taken and considered

as sufficient security therefor, but in such cases the officers and

affairs of said company shall be subject to an examination, and

its property and effects liable as aforesaid; and it shall be lawful

for said company to stipulate and provide for indemnity from the

parties aforesaid for whom it shall so become responsible, and to

enforce any bond, contract, agreement, pledge or other security

made or given for that purpose.

SEC. 12. And be it enacted, That said company shall have power

to guarantee, endorse and secure the payments and punctual per-

formance and collection of notes, debts, bills of exchange, con-

To endorse

tracts, bonds, accounts, claims, rents, annuities, mortgages, choses

in action, evidences of debt, certificates of property or value,

checks and the title to property, indebtedness of individuals, of

companies, partnerships, loans of States, cities, counties and muni-

cipalities on such terms or commissions as may be agreed upon

or established by said company and the parties dealing therewith.