878 JOURNAL OF PROCEEDINGS [Mar. 31,

Court, may, by order, direct the same to be deposited with
such Trust Company, such Trust Company shall be author-
ized to receive money on deposit, collect incomes and remit,
to act as executor, guardian, almmistrator, receiver, and
take custody of wills and all legal documents, and execute
trusts as fully as a natural person, on any sum of money not
less than one hundred dollars, which shall be collected or re-
ceived by such Trust Company in its capacity of guardian,
receive or depository of moneys in Court, and interest shall
be allowed by the said Company of not less than the rate of
two per cent, annually, which rate of interest shall continue
until the moneys so received shall be duly f xpended or dis-
tributed by due course of law. Where the annual income of
an infant, of whose estate the said Company shall be a guar-
dian, shall exceed the sum allowed, or which may be suffi-
cient for the education and support of such, such surplus in-
come shall he accumulated by such Trust Company for the
benefit of such infant, by adding interest on the whole as a
new principal and the interest, so to be allowed und added in
such accumulation, shall in no case be less than 2 per cant.
No bond or other collateral security shall be required from
such Trust Company, when appointed guardian, receiver or
depository, but all investments of moneys received by the
said Company, in either of such characters, shall be at the
sole risk of the said corporation, und for ail losses of such
moneys, the capital stock, property and effects ol the said
corporation, shall be absolutely liable, and in case of the dis-
solution of the said Company, as provided by this Article, by
Court of Law or Equity, or otherwise, the debts, dues, de-
mands, moneys and obligations due from such Trust Com-
pany as guardian, leceiver or depository of moneys in Court
shall have preference, and the same liability shall exist in
regard to stockholders of any such corporation, as now exists
by law in regard to all other corporations.

C. Every subscriber of such Trust Company shall, at the
time of subscription, pay to the Committee receiving the same
the sum of ten dollars on each share by him subscribed, and
after the shares shall have been distributed and allotted, each
stockholder shall pay the whole amount remaining due on
the shares so held by him within twelve months thereafter,
at, such place and at such time and times as shall be appointed,
of which ten days public notice shall be given. The shares
of such stockholder omitting to make such payment, shall be
forfeited, together with all previous payments made thereon.
No loan shall be made by such Trust Company, directly or
indirectly, to any officer or employee of said corporation; and
for any violation of this Section, the trustee or officer mak-
ing the same, or consenting thereto, shall be liable to said