LLOYD LOWNDES, ESQUIRE, GOVERNOR.

the capital stock as paid in shall be taken and considered as' the
security required by law for the faithful performance of their
duties, and shall be absolutely liable in case of any default
whatever; the court, if it deem it necessary, may from time to
time appoint suitable persons to investigate the affairs and man-
agement of said company, who shall report to such court the
manner in which such investments are made and the security
afforded to those by or from whom its engagements are held,
and the expenses of such investigation shall be defrayed by
said company; or the court may, it' deemed necessary, examine
the officers of said company, under oath or affirmation, as to
the security aforesaid.

487

SEC. 12. And be it enacted, That any executor, administra-
tor, guardian or other trustee or public officer having the con-
trol of any bonds, stock, securities, moneys or other valuables
belonging to others, shall be and is hereby authorized to
deposit the same for safe keeping with said company.

Deposits by
executors,
etc.

SEC. 13. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates, real
personal and mixed, as may be obtained by the investment of
their capital stock and all other moneys or funds that may
come into their possession in the course of their dealings and
business, and the same to sell, grant, mortgage, lease and dis-
pose of at pleasure, and to execute, acknowledge and 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 offi.ce and place
of business, not exceeding in value one hundred thousand dol-
lars, and such as may come into their possession in satisfac-
tion of any debt due to them upon mortgage, decree or judg-
ment.

May how real
estate.

SEC. 14. And be it enacted, That the president, vice-presi-
dents and directors of the corporation hereby created, shall
have power to enact and adopt such rules, regulations and
by-laws for the government and management of the affairs
of said corporation, as they shall deem advantageous to the
interests thereof; provided, that the affairs of this company
shall be managed in accordance with the act of the General
Assembly of Maryland, 1892, chapter 109, the same be not
contrary to the law of the land.

By-laws.

SEC. 15. And be it enacted, That the General Assembly
reserves the right to repeal, alter or amend this act at its
pleasure.

Repeal.