LLOYD LOWNDES, ESQUIRE, GOVERNOR.

dian or committee of a lunatic or minor, it shall and may be
lawful for such court, if it shall think fit, to appoint the
United States Fidelity and Guaranty Company, 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 aforesaid; and the said company, as such
receiver, trustee, administrator, executor, assignee, guardian or
committee, shall be subject to all orders or decrees made by
the proper tribunal under the laws of such State.

SEC. 11. And be it enacted, That when any court shall
appoint said company as receiver, trustee, administrator,

55

executor, assignee, guardian or committee, or shall order the
deposit of money or other valuables of any kiad with said
company, the capital stock as paid in shall be taken, and con-
sidered as the security required by law for the faithful
performance of their duties; provided the said court shall not
deem it necessary to require further security, 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 management of said com-
pany, who shall report to such court the manner in which
each investments are made and the security afforded to those
by or from whom its engagements are held, and the expense
of such investigation shall be defrayed by said company; or
the court may, if deemed necessary, examine the officers of
said company under oath or affirmation, as to the security
aforesaid.

Liability of
company.

SEC. 12. And be it enacted, That any executor, administra-
tor, guardian or other trustee or public officer having the
control of any bonds, stocks, securities, moneys or other valu-
ables 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 and 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-

Real estate
company
may bold.