780

LAWS OF MARYLAND.

not exceeding the legal rate; to accept and execute

trusts of every description (as fully as a natural

person could) which may be committed to said com-

pany by any person or persons whatsoever, or by

any corporation or by order or decree or authority

of any court of record, upon such terms as may be

agreed upon, provided, established or declared in

To act as agent

regard thereto; to act as agent for the purpose of

issuing, registering or countersigning certificates of

stocks, bonds or other evidence of debt of any State,

corporation, association, municipality or public au-

thority, on such terms as may be agreed upon; to

except, form and execute trusts for married women

in respect of their separate property or estate,

whether real, personal or mixed, and to act as agents

for them in the management, sale and disposition of

their properties.

SEC. 10. And be it enacted, In all cases where an

application shall be made to any court (or Orphan's

Court) having jurisdiction, for the appointment of

Appoint com-

a guardian of the estate of an infant or lunatic, the

pany guardian

said court shall have power to appoint said company

as guardian or committee of the estate of such

lunatic or infant, upon application on behalf of said

parties.

SEC. 11. And be it enacted, That any and every

court of any State into which moneys may be paid or

deposited by agreement of parties, order, judgment

Court may

or decree of such court, may order and direct the

order and di-
rect.

same to be deposited with said company; said com-

pany is authorized to collect incomes of estates, to

act as executor, guardian, administrator, or assignee,

receiver, and to take custody of wills and all legal

documents.

SEC 1 2. And be it enacted, That upon all moneys

received from estates in the foregoing section (num-

ber eleven), interest shall be allowed by said com-

Interest al-

pany of not less than one per cent, annually, which

lowed.

rate of interest shall continue until the money so

received shall be duly expended or distributed by

due course of law; and when the annual income of

an infant, of whose estate the said company shall

be guardian, shall exceed the sum decreed, ordered

or allowed by the court, or which may be sufficient

for the education and support of such infant, such

surplus income shall be accumulated by said com-