ROBERT M. MCLA.NE, ESQUIRE, GOVERNOR

711

made by the proper tribunal under the laws of this

state.

SEC. 9. And be it enacted, That when any court shall

appoint the said company a receiver, trustee, admin-

istrator, executor, assignee, guardian or committee, or

shall order the deposit of money or other valuables of

any kind with said company, the capital stock, as

paid in, shall be taken and considered as the security

What Consti-
tutes eecurity.

required by law for the faithful performances of their

duties; provided the said court shall not deem it neces-

sary to require further security, and shall be absolutely

liable in case of any default whatever; the court, if it

deem necessary, may, from time to time, appoint suit-

able persons to investigate the affairs and management

of said company, who shall report to such court the man-

ner in which such investments are made, and the

security afforded to those by or for whom its engage-

ments are held, and the expenses of such investigations

shall be defrayed by the said company; or, the court

may, if deemed necessary, examine the officers of said

company under oath or affirmation as to the security

aforesaid.

SEC. 10. And be it enacted, That any executor, ad-

ministrator, guardian or other trustee or public officer

having the control of any bonds, stocks, securities,

Who to deposit

moneys, or other valuables belonging to others, shall

be and is hereby authorized to deposit the same for

safe keeping with said company.

SEC. 11. And be it enacted, That the said corpora-

tion is authorized to take, have, hold and enjoy all

such estates, real, personal and mixed as may be ob-

tained by the investment of their capital stock, and

all other moneys or funds that may come into their

possession in the course of their dealing and business,

and the same to sell, grant, mortgage, lease and dis-

pose of at pleasure, and to execute, acknowledge and

Powers of cor-
poration.

deliver all deeds and other instruments of writing

concerning the same; provided, however, that the

said real estate so to be held by them shall be only

that occupied as their office and place of business, not

exceeding in value three hundred thousand dollars,

and such as may come into their possession in satisfac-

tion of any debt due to them upon mortgage, decree

or judgment.

SEC. 12. And be it enacted, That the president, vice-

president and directors of the corporation hereby cre-