876 JOURNAL OF PROCEEDINGS [Mar. 31,

ties, to allow interest on moneys deposited, to act as agent or
trustee tor the investment of money in real or personal prop-
erty, and for the management thereof and of money invested;
the said company is authorized to act, as agent for the pur-
pose of issuing, registering or countersigning the certificates
of stock, bonds or other evidences of debt of any corporation,
association, municipality, State or public authosity on such
terrors may be agreed upon ; it shall be lawful for said
Company to lease, purchase, hold and convey all such real or
personal estate as may be necessary to carry on their business
as well as such real or personal estate as they may deem it
necessary to acquire in the enforcement of any claim or de-
mand arising out of their business tiansactions and to sell or
exchange the same for other property as they may determine
that the interests of the Company may require, and the said
Company are hereby authorized to make, execute and issue-
in the transaction of their business, all necessary icceipts.
certificates and contracts, which receipts, certificates and
contrasts shall bear the impress or stamp of the seal of the
Company and shall be signed by the President ,and counter-
signed by the Secretary or Treasurer thereof.

F. That the directors shall have power to declare such div-
idends of profits of the said guarantee company, as they
may deem proper; provided, that no dividend shall be de-
clared when the capital stock would be impaired thereby.
That the said company shall be and hereby is authorized and
empowed to enter sacurity and become surety for any person
or persons for the faithful performance of any trust, office
duty, contract or agreement, and to supersede any judgment,
or decree of any Court of Record ; and it is further authoriz-
ed to become sole surety in any and all cases, where by law-
two or more sureties are required for the faithful performance
of any trust or office, and it shall and may be lawlul for any
Court to approve said Company as solo surety in all such
cases, but in such cases the officers and affairs of said Com-
pany, shall be subject to examination, and its properly and
effects liable as aforesaid ; and it shall be lawful for said
Company to stipulate and provide for indemnity from the
person or persons, for whom it shall so become responsible,
and to enforce any contract, pledge or other security made or
given for that purpose, as may be equitable and just.

G. That said guarantee company if authorized to accept
and execute trusts of any and every description, which may
be committed or transferred with their consent to them,
by any person or persons whatever, bodies corporate or poli-
tic, or by any Court of the United States, or of the State of
Maryland ; and to accept and execute the office and appoint-
ment of executors or administrators, of any kind and nature,