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ELIHU B. JACKSON, ESQUIRE, GOVERNOR.
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651
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executor, administrator or trustee, it shall and may be lawful for
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such court in its discretion, to appoint the Baltimore county trust
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company with its consent; such receiver, assignee, guardian, com-
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mittee, executor, administrator or trustee, and the accounts of
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this company as such receiver, assignee, guardian, committee, exe-
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cutor, administrator or trustee shall be regularly settled and
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adjusted before the tribunal making such appointment, and upon
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such settlement and adjustment, all proper legal and customary
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charges, costs and expenses shall be allowed to this company for
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its care and management of the trusts and estates as aforesaid ;
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and this company as such receiver, assignee, guardian, committee,
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executor, administrator or trustee shall be subject to all decrees
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and orders made by the proper tribunal under the laws of this
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State; in all proceedings in any court or elsewhere connected with
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any authority exercised under this section, all accounts, returns
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Trustee.
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and other papers may be signed and sworn to in behalf of this
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&c.
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company by any officer thereof duly authorized by it, and the
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answers and examinations under oath of said officers shall be
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received as the answers and examinations of this company, and
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the court may order and compel any and all officers of this com-
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pany to answer and attend said examination in the same manner
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as if they were parties to the proceedings of inquiry instead of
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this company; provided, that this company shall always be bound
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to and be governed by all directions contained in any will or
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instrument under which it may act.
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SEC. 11. And be it enacted, That whenever this company shall
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receive and accept the office or appointment of assignee, receiver,
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guardian, committee, executor or administrator, or directed to
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execute any trust whatever, or become the depository of moneys
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or valuables of any kind, as provided for by the next succeeding
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Security.
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section of this act, the capital stock, property and effects of this
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company shall be taken and considered as the security required
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by law for the faithful performance of its duties as aforesaid ;
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provided, the said court shall not deem it necessary to require
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further security, and shall be absolutely liable in case of any
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default whatever; and in case of the insolvency of this company
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or its dissolution by any court or otherwise, the debts due from it as
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assignee, receiver, guardian, committee, executor, administrator
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or other trustee, and as depository shall have preference.
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SEC. 12. And be it enacted, That any and every court of this
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State may by decree or order direct any moneys or properties
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tinder its control, or that may be paid into court by parties to any
legal or other proceedings, or which may be brought into court
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Deposi-
tory.
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by reason of any order or judgment, to be deposited with this
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company upon such terms and subject to such instructions as
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such company may prescribe; and that any executor, administra-
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tor, guardian, committee, assignee, receiver or other trustee, or
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