WM. T. HAMILTON, ESQUIRE, GOVERNOR.

781

pany for the benefit of such infant, by adding inter-

Interest on

est on the whole as a new principal, and the interest

the whole.

so to bo allowed and added in such accumulation

shall in no case be less than two per cenl. per annum.

SEC. 13. And be it enacted, Whenever the said

company shall be appointed assignee, receiver,

guardian, executor, administrator, or whenever de-

posits of money or of valuables of any kind shall

be made with said company, the capital stock and

its property and effects as paid in shall be taken and

considered as the security required by law for the

faithful performance of its duties, and shall be

Considered as
security.

absolutely liable, and no bond or other security shall

be required from it; when appointed executor,

administrator, guardian, receiver, assignee or deposi-

tor, and in case of a dissolution by a court of law

or equity, or otherwise, the debts, dues, moneys and

obligations due from it as aforesaid shall have

preference.

SEC. 14. And be it enacted, That any individual

or administrator, guardian, receiver, assignee, trus-

tee, State or municipal government, or corporation

or public officer, or any person or persons acting for

Authorized

others, having the custody of any bonds, stocks,

to deposit.

securities, moneys or other valuables belonging to

themselves or to others, shall be authorized to

deposit the same for safe keeping with the said

company.

SEC. 15. And be it enacted, That in every court

wherein such company shall be appointed guardian

of the estate of any infant, married woman, a com-

mittee of a lunatic, receiver, trustee or depository

of the moneys, shall have power to make all orders

Compel obe-
dience.

and compel obedience thereto, and require said com-

pany to render all accounts which such court might

lawfully make or require if said company was a

natural person.

SEC. 16. And be it enacted, That said company

is authorized, and shall have discretionary power to

invest at its pleasure moneys received in trust, on

deposit, loaned or otherwise; that it is authorized

Discretionary

to take, have, hold and enjoy all such estate, real,

power.

personal and mixed, as may be obtained with the

moneys aforesaid, and also with any, every and all

other funds that may come into its possession in

course of its business dealings, and the same may