758

LAWS OF MARYLAND.

mixed, and to execute deeds or conveyances therefor; sixth, to

receive deposits of moneys, securities and other property from

any person or corporation and accumulate the same, and to allow

interest thereon, at such rate as may be obtained or agreed upon,

not exceeding the legal rate; seventh, to make insurance of every

kind pertaining to or connected with titles to real or personal

property, and to make, execute and perfect all such instruments

of writing as may be required therefor, and to abstract from the

records of any court of this State or other record or other public

office therein free of charge, any or all such records as may be

required for said purposes; eighth, to make insurance for the

fidelity of persons holding places of responsibility or trust and

for the faithful performance of any contract entered into with

any any person or corporation, and to execute such bonds, recog-

Powers.

nizances or instruments of writing as may be required by law in

such cases, and to become security in any case to the extent of its

paid up capital stock and surplus and guarantee fund, where by

law one or more securities may be required for the faithful per-

formance of any trust office or duty; ninth, to become security

for the payment of all damages that may be assessed and directed

to be paid for lands and other property taken by any corporation,

public, quasi public, or municipal, which may by law be author-

ized to condemn or take the same; tenth, to become security

upon any writ of error or appeal in any proceeding instituted in

any court of this State, or of the United States, or before any

magistrates thereof, and to supersede any judgment, decree or

order for the payment of money obtained in any such court or

before such magistrate, and in any and every case whereby by this;

act said corporation is authorized to become security or super-

seder, any court or officer whose duty it is to approve such

security or superseder, is hereby authorized to accept said corpo-

ration as such security or superseder to the extent of its said paid

up capital stock and guarantee fund, any law, regulation or practice

requiring two or more securities or superseders in such cases, to

the contrary notwithstanding, and in every such case the capital

stock, property and effects of said corporation shall be treated as

sufficient security for the responsibility thereby assumed, to the

extent of its said capital stock and guarantee fund; and it shall

be lawful for said corporation in all such cases, to stipulate and

provide for indemnity from the parties for whom it becomes

responsible as security or superseder, and to enforce any contract

or agreement made or given for that purpose.

SEC. 4. It shall and may be lawful for any court of this State

or elsewhere, to appoint the Harford trust company, with its con-

sent, to execute any trust it may require to be executed, and the

accounts of said corporation in execution of said trust, shall be

regularly settled and adjusted before said court, wherein said

corporation shall be allowed all such proper legal charges, costs