ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

75&

and expenses as are or may be allowed natural persons in such

cases, and in all proceedings in any court or elsewhere connected

with any authority exercised under this act, all accounts or other

papers may be signed and sworn to on behalf of said corporation

by any officer thereof, and the said corporation may plead or

answer in any court of law or equity in this State by attorney

Courts
may ap-

and without its seal, and the answers and examinations under

point

oath of such officer shall be received as the answer and examina-

tion of said corporation, and such court may order and compel

any and all officers of said corporation to answer and attend any

proper examination it may order, or which may be proper, in the

same manner as if they were parties to the proceeding instead of

said corporation.

SEC. 5. And be it enacted, That whenever this company shall

receive and accept any trusts whatever, or become the depository

of moneys or valuables of any kind as provided for by the next

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

Security.

effects of this company shall be taken and considered as the

security required by law for the faithful performance of its duties

as aforesaid, to the extent of its capital stock, surplus and

guarantee funds; provided, the said court shall not deem it

necessary to require further security, and shall be absolutely liable

in case of any default whatsoever, and in case of the insolvency

of this company, or of its dissolution by any court or otherwise,

the debt due from it in the execution of any such trust as deposi-

tory shall have preference.

SEC. 6. And be it enacted, That any and every court of this

State may by decree or order direct any moneys or properties

under its control, or that may be paid into court by parties to any

legal or other proceedings, or which may be brought into court

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

company upon such terms and subject to such instructions as

May de-
posit

such court may prescribe; and that any executor, administrator,

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

public officer or municipal corporation having control of any

bonds, stocks, securities, moneys or other valuables belonging to

others, shall be and is hereby authorized to deposit the same for

safe keeping with this company.

SEC. 7. And be it enacted, That whenever any court shall

appoint this company, assignee, receiver, committee, executor or

administrator, or to execute any trust whatever, or as the

depository of any moneys or property of any kind, or approve

To investi-

of it as security, the said court may in its discretion or

gate

upon the application of any person interested, appoint a suita-

ble person to investigate the affairs and management of this com-

pany, who shall report to such court the manner in which its

investments are made and the security afforded to those by, or