1136 LAWS OF MARYLAND. [CH. 594

or attorneys, selected by it, shall collect all income
from the property of the Society, real and personal,
and remit each month the net amount of income to the
Treasurer of the Managers; that a complete list of all se-
curities, ground rents, mortgages, real estate and other
property, including reference to all estates in which the
Society has a beneficial vested interest, subject to life
estates, shall be made out and given to the Trust Company,
when selected, in order that said company shall keep an
exact account and record of the property of the Society in
a separate set of books; that it shall be the duty of the
Trust Company once a year to render a full statement to
the Finance Committee, of the income collected and its dis-
position, also a statement as to the principal cash account.
It shall also be the duty of the Trust Company at all times
to supervise the investments and to make suggestions to
the Finance Committee as to the advisability of selling any
of its investments, and as to the investment and reinvest-
ment of its property. The Trust Company shall not be in
any way liable for any suggestions so made in good faith,
and the responsibility for any change of investments shall
be on the Finance Committee, acting on suggestion of the
Trust Company, or otherwise, and it shall be the duty of
the Finance Committee, from time to time, to advise the
Trust Company, acting as an Assistant Treasurer, as to all
legacies and gifts received and of all money held for invest-
ment, and the Finance Committee shall not be liable for
any error of judgment made in good faith in regard to
investments.

In the event of the Board of Managers not being able to
secure the services of men on the Finance Committee in a
manner satisfactory to said Board, it is empowered to ap-
point a Finance Committee from its own members, or
otherwise, and also may enlarge the duties of the Trust
Company selected as an Assistant Treasurer as it may de-
termine. In such case, the said Company to act in the man-
ner required of a Trustee in a Court of Equity in Maryland.

SEC. 7. And be it enacted, That the said Board of Man-
agers, acting through their Treasurer, Assistant Treasurers
and Finance Committee, shall hold all the principal sums
of money and other property belonging to said corporation,
and invest, sell, reinvest the same from time to time at their
discretion, making use of such officers, agents and commit-
tees of the Managers, including a Trust Company, acting as
an Assistant Treasurer, as the Board of Managers may de-
termine and it shall be the duty of the Treasurer of the