710

LAWS OF MARYLAND.

said company for that purpose, from time to time, in

the public funds of the United States, or of this state,

or in any stock or property whatsoever, and to dis-

pose of the said stocks, money and property, in such

manner (not contrary to law) as to them shall appear

most advantageous to said company.

SEC. 7. And be it enacted. That the said company

shall have power to receive and hold on deposit and

in trust, and as security, estate, real and personal and

Power of com-

mixed, including notes, bonds and obligations of

pany.

states companies, corporations and individuals, and

the same to purchase, collect, adjust, settle, sell and

dispose of, and upon such terms as may be agreed

upon between them and the parties contracting with

them.

SEC. 8. And be it enacted, That the said company

be and they are hereby authorize'd to accept and exe-

cute trusts of any and every description which may be

What to accept

committed or transferred with their consent to them

by any person or persons whomsoever, bodies corpo-

rate or public, or by any court in the State of Mary-

land, or in any one of the United States, and to ac-

cept the office and appointment of executors or ad-

ministrators of any kind or nature, whenever such

office or appointment is conferred or made by any

person or persons or by any orphans' court or other

court, either of this state or of the United States; and

that in all cases where application shall be made to

any court of this state for the appointment of any

receiver, trustee, administrator, executor, assignee,

guardian of any minors or committee of a lunatic, it

shall and may be lawful for such court, if it shall think

fit, to appoint the Mercantile Trust and Deposit Com-

pany of Baltimore, with their assent, such receiver,

trustee, administrator, assignee, guardian or commit-

Acconpts — how
settled.

tee, and the accounts of said company, as such receiver,
trustee, administrator, executor, assignee, guardian or

committee, shall be regularly settled and adjusted be-

fore the tribunal; and upon such settlement and ad-

justment all proper legal and customary charges, costs

and expenses shall be allowed to said company for

their care and management of the trusts and estates

aforesaid; and the said company, as such receiver,

trustee, administrator, executor, assignee, guardian or

committee, shall be subject to all orders or decrees