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Session Laws, 1896 Session
Volume 475, Page 486   View pdf image (33K)
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486

LAWS OF MARYLAND.

others, having the custody of any bonds, stocks, securities,
moneys or values, shall be authorized to deposit the same for
safe keeping with the said company.

May receive
upon
storage
plate, etc.

SEC. 9. And be it enacted, That said company may receive,
upon storage, deposit or otherwise, merchandise, specie, plate,
bullion, stocks, promissory notes, certificates and evidences of
debt, contracts, and all other personal property, and advance
money thereupon on such terms as may be established or ap-
proved by said company; that in all cases in which public
officers or municipal or private corporations are authorized to
deposit money, stocks, bonds or evidences of debt, such deposits
by such officers or corporations may be made with said company.

May execute
trusts, etc.

SEC. 10. And be it enacted, That the said company be, and
it is hereby authorized to accept and execute trusts of any and
every description which may be committed or transferred with
their consent to them by any person or persons whomsoever,
bodies corporate or public, or by any court in the State of Mary-
land, or in any one of the United States; and accept the office
and appointment of executors or administrators 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 in any one 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 or committee
of a lunatic or minor, it shall and may be lawful for such court,
if it shall think fit, to appoint The Farmers and Merchants
Trust Company of Carroll county, with their assent, such
receiver, trustee, administrator, assignee, guardian or committee;
and the accounts of said company, as such receiver, trustee,
administrator, executor, assignee, guardian or committee, shall
be regularly settled and adjusted before the tribunal, and upon
such settlement and adjustment all proper legal and customary
charges, costs and expenses shall be allowed the said company
for their care and management of the trusts and estates afore-
said; and the said company, as such receiver, trustee, adminis-
trator, executor, assignee, guardian or committee, shall be sub-
ject to all orders or decrees made by the proper tribunal under
the laws of such State.

liability of
company.

SEC. 11. And be it enacted, That when any court shall ap-
point the said company as receiver, trustee, administrator, execu-
tor, assignee, guardian or cotnmittee, or shall order the deposit
of money or other valuables of any kind with said company,



 
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Session Laws, 1896 Session
Volume 475, Page 486   View pdf image (33K)
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