752

LAWS OF MARYLAND.

sell, grant, mortgage, lease and dispoise of, in its

discretion, and at its will and pleasure, and execute,

What to deal

acknowledge and deliver all deeds and legal papers,

in.

and any instruments concerning the same; to deal

in exchange, foreign and domestic, and in every

and all descriptions of properties, personal effects,

securities, mortgages, lands, certificates of indebted-

ness, stocks of incorporated companies, notes, loans

or bonds of the United States, or of any city, county

or municipality, or of any incorporated company or

individual; provided that no loan shall be made,

directly or indirecly, to any officer or employee of

the said company and for any violation of this pro-

vision the party or parties making or consenting

thereto, directly or indirectly, shall be liable to said

company for the amount so loaned, and all counsel

fees and losses which may result therefrom.

SEC. 17. And be it enacted, That any officer or

employee of said company who shall apply any of

the deposits of any kind of said company to his use,

or to the use of any person or persons not entitled

thereto, without the consent of the owner of such

deposits, shall be deemed guilty of embezzlement,

What deemed

and upon conviction thereof shall be punished by

guilty of.

imprisonment in the State prison for a term of not

less than one nor more than five years, and shall

be responsible in any suit at law for all counsel fees,

injury, loss, expense or damage incurred by reason

of his prosecution, or in consequence of said act,

either to the company or to any party aggrieved,

damaged or injured thereby.

SEC. 18. And be it enacted, That the said company

shall be, and is hereby authorized and empowered

Insure fidelity

to insure the fidelity of persons holding places of

trust or responsibility of any State, corporation, com-

pany, person or persons whatsoever; to endorse for

and to enter security and become security for the

faithful performance of any trust, office, duty, con-

tract or agreement, and to supersede any judgment,

or to go upon any bond for appeal from any order,

judgment or decree of any court of record; and it

Become sure-

is further authorized to become sole surety in all

ty.

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 lawful for any court to

approve said company as sole burety in all such cases.