ELIHU B. JACKSON, ESQUIRE, GOVERNOR.

651

executor, administrator or trustee, it shall and may be lawful for

such court in its discretion, to appoint the Baltimore county trust

company with its consent; such receiver, assignee, guardian, com-

mittee, executor, administrator or trustee, and the accounts of

this company as such receiver, assignee, guardian, committee, exe-

cutor, administrator or trustee shall be regularly settled and

adjusted before the tribunal making such appointment, and upon

such settlement and adjustment, all proper legal and customary

charges, costs and expenses shall be allowed to this company for

its care and management of the trusts and estates as aforesaid ;

and this company as such receiver, assignee, guardian, committee,

executor, administrator or trustee shall be subject to all decrees

and orders made by the proper tribunal under the laws of this

State; in all proceedings in any court or elsewhere connected with

any authority exercised under this section, all accounts, returns

Trustee.

and other papers may be signed and sworn to in behalf of this

&c.

company by any officer thereof duly authorized by it, and the

answers and examinations under oath of said officers shall be

received as the answers and examinations of this company, and

the court may order and compel any and all officers of this com-

pany to answer and attend said examination in the same manner

as if they were parties to the proceedings of inquiry instead of

this company; provided, that this company shall always be bound

to and be governed by all directions contained in any will or

instrument under which it may act.

SEC. 11. And be it enacted, That whenever this company shall

receive and accept the office or appointment of assignee, receiver,

guardian, committee, executor or administrator, or directed to

execute any trust whatever, or become the depository of moneys

or valuables of any kind, as provided for by the next succeeding

Security.

section of this act, the capital stock, property and effects of this

company shall be taken and considered as the security required

by law for the faithful performance of its duties as aforesaid ;

provided, the said court shall not deem it necessary to require

further security, and shall be absolutely liable in case of any

default whatever; and in case of the insolvency of this company

or its dissolution by any court or otherwise, the debts due from it as

assignee, receiver, guardian, committee, executor, administrator

or other trustee, and as depository shall have preference.

SEC. 12. And be it enacted, That any and every court of this

State may by decree or order direct any moneys or properties

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

Deposi-
tory.

by reason of any order or judgment, to be deposited with this

company upon such terms and subject to such instructions as

such company may prescribe; and that any executor, administra-

tor, guardian, committee, assignee, receiver or other trustee, or