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654
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LAWS OF MARYLAND.
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regard to the ownership or otherwise, which jeopardizes the rights
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of this company or its security, and to reimburse itself out of
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the proceeds of such sale for the money due it, with interest,
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storage, costs and charges, and to indemnify itself for any loss it
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may have sustained by the non-fulfilment of such contract or by
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reason of said misrepresentation, fraud or concealment aforesaid.
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SEC. 20. And be it enacted, That if any director or directors,
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or other officer or officers, or employee or employees of this com-
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pany shall embezzle or fraudulently appropriate to his or their
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own use, or to the use of any other person or persons auy money
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Misdemea-
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or other property of any kind belonging to this company, or left
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nor.
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with or held by this company in trust as a special deposit or
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otherwise, he or they shall be guilty of a misdemeanor, and on
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conviction thereof shall be sentenced to undergo imprisonment
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in the penitentiary for a term of not less than one nor more than
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five years, and shall be responsible in a civil action either to this
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company or to the person or persons aggrieved, for the amount
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so embezzled or fraudulently appropriated with interest thereon,
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and all proper costs and charges, including counsel fees incident
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to recovering the same.
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SEC. 21. And be it enacted, That this company shall have power
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to determine all matters of arbitrament and award referred or
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submitted to it by any order of court, or by agreement of parties
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Award.
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in interest, upon such terms as may be agreed upon or provided
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or established by said court or said parties, and to make all need-
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ful rules and regulations for so doing; and any court of this
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State is hereby authorized to refer or submit any matter to the
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sole arbitrament of this company, which by law it is authorized
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to refer or submit to natural persons, and every award made by
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this company shall be signed by the president, or in case of his
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absence or inability to act, by the vice-president, or other officer
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in that event designated by the by-laws, and shall be duly attested
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under its corporate seal by the secretary or other officer of this
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company who may be in like manner designated to make such
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alteration.
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SEC. 22. And be it enacted, That in so far as the provisions of
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this act are inconsistent with the provisions of article twenty-
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three, of the Code of Public General Laws of Maryland, applica-
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ble to trust companies, the provisions of this act shall prevail,
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Construc-
tion.
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and this act is hereby declared to be a public act, and shall be
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construed favorably for every beneficial purpose therein contained.
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but shall not be construed to confer upon this company, any right
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to make any contract or to accept or execute any trust whatever
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which it would not be lawful for natural persons nnder the
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general rules of law which are or shall be enforced to make, exe-
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cute or accept.
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