ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

761

of their number, at least twice in each year, to thoroughly ex-

amine the books, vouchers and assets of this company and its

affairs generally, and such committee may, if it deem necessary,

employ at the expense of this company an expert accountant

to aid it in making such examination; and it shall be the duty

of said committee, as speedily as practicable after any such

Examina-
tion.

examination has been completed, to prepare a statement show-

ing the assests and liabilities of this company, and to present

at to the board of directors verified by the oath or affirmation of

ihe directors, or a majority of them, who made such examination

and by the oath or affirmation of such accountant, where one is

employed; and any wilful false swearing in regard thereto shall

be deemed perjury, and be subject to the prosecution and punish-

ment prescribed by law for that offense.

SEC. 12. And be it enacted, That it shall be lawful for this

company to sell at public auction, or private sale, in its discre-

tion, all property of whatsoever kind mentioned or specified in

any contract or agreement between this company and other

parties, after ten days shall have elapsed from the time of

To Bell.

maturity of any obligations under said contract or agreement, or

immediately upon the discovery of any fraud, misrepresentation

or concealment in regard to the ownership or otherwise, which

jeopardizes the rights of this company or its security, and to re-

imburse itself out of the proceeds of such sale for the money due

it, with interest, storage, costs and charges, and to indemnify

itself for any loss it may have sustained by the non-fulfilment of

such contract, or by reason of said misrepresentation, fraud or

concealment aforesaid.

SEC. 13. And be it enacted, That if any director or directors,

or other officer or officers, or employee or employees of this com-

pany shall embezzle or fraudulently appropriate to his or their

own use, or to the use of any other person or persons, any money or

other property of any kind belonging to this company, or left with or
held by this company in trust as a special deposit or otherwise, he or

Embez-
zlement.

they shall be guilty of a misdemeanor, and on conviction thereof

shall be sentenced to undergo imprisonment in the penitentiary for a

term of not less than one nor more than five years, and shall be

responsible in a civil action, either to this company or to the

person or persons aggrieved, for the amount so embezzled or

fraudulently appropriated with interest thereon, and all proper

costs and charges including counsel fees incidental to recovering

the same.

SEC. 14. And be it enacted, That except in so far as they are

inconsistent with the provisions of this act, the provisions of

article twenty-three, of the Public General Laws of Maryland,

and of any amendments that may be made thereto applicable to

trust companies, shall be applicable to this company; and that