650

LAWS OF MARYLAND.

or in any stock or property whatsoever, and dispose of said

funds, stocks, money or property in such manner, not contrary

to law, as to it shall appear most advantageous; fourteenth, to

make insurance for the fidelity of persons holding places of re-

sponsibility and of trust, and to become security for the faithful

performance of the duties of any clerk or employee of any cor-

poration, company, firm or individual; fifteenth, to act as security

for the faithful performance of any contract entered into with

any person or persons, corporation or corporations; sixteenth, to

become security for the faithful performance of the duties of

any national, State, county or municipal officer, and to execute

such bonds or recognizances as may be required by law in such

cases, and to become security in any other case when by law one

or more securities may be required for the faithful performance

of any trust, office, duty, action or engagement; seventeenth, to

become security upon any writ of error or appeal in any proceed-

ing instituted in any court of this State, and to supersede any

judgment, decree or order for the payment of money obtained in

Further

any such court, and in any and every case whereby this act this

power

company is authorized to become security or superseder, any court

or officer whose duty it is to approve such security or superseder

may approve of this company as sole security or superseder, any

law or regulation requiring two or more securities or superseders

to be taken, to the contrary notwithstanding, and in every such

case the capital stock, property and effects of this company shall

be treated and considered sufficient security for the responsibility

assumed by this company, unless the said court or officer shall

consider it necessary- to require further security, and shall be

absolutely liable for any default whatever; and it shall be lawful

for this company in all cases where it becomes security or super-

seder to stipulate and provide for indemnity from the parties for

whom it becomes responsible as security or superseder, and to

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

made or given, for that purpose.

SEC. 10. And be it enacted, That this company be and is hereby

authorized to accept and execute trusts of any and every descrip-

tion which may be committed or transferred to it with its consent,

by any person or persons whomsoever, body politic or corporation,

or by any court of the State of Maryland, or of any other of the

United States, or by any court of the United States, and to accept

the office and appointment of executor or administrator of any

kind or nature, whenever such office or appointment is made

by any person or persons or by any orphans' court either of

this State or any of the United States, and that in case

where application is made to any court of this State, for

the appointment of any receiver, assignee, guardian of a minor

or minors, committee of a person non compos mentis, or of an

habitual drunkard incapable of taking care of himself or herself,