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Session Laws, 1896 Session
Volume 475, Page 557   View pdf image (33K)
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LLOYD LOWNDES, ESQUIRE, GOVERNOR.

by last Will, bodies corporate or public, upon such terms as
may be agreed upon by and between the said corporation and
said person, natural or corporate, or by any court in the State
of Maryland (other than the Orphans' Court), or by the courts
of the United States, or of any of the States or Territories
thereof; and in all cases when application shall be made to
any court of this State, for the appointment of any receiver,
trustee or assignee, it shall and may be lawful for such court
to appoint the said corporation as such receiver, trustee or
assignee, and the accounts of said corporation as such receiver,
trustee or assignee, shall be regularly settled before the court
making such appointment; and upon such settlement and
adjustment all proper legal and customary charges, costs and
expenses, shall be allowed to said corporation for its care and
management of the trusts and estate aforesaid, in accordance
with the practice of the court so appointing in the case of
natural persons when eo appointed; and the said corporation,
as such receiver, trustee and assignee, shall be subject to all law-
ful orders or decrees made by the said court; but nothing
herein contained shall be construed as authorizing or empow-
ering said corporation to act as executor or administrator, with
or without the will, or as trustee, under or by appointment, in
any last will or testament.

SEC. 8. And be it enacted, That the said corporation be and
is hereby authorized and empowered to receive and keep on

557


deposit, storage or otherwise, all such valuables as gold, silver
or paper money, bullion, precious metals, jewels, plate, certifi-
cates of stock, evidences of indebtedness, promissory notes,
contracts, deeds of muniments of title or other valuable papers
of any kind, or any other article or thing whatsoever; and
take charge and custody of real and personal estates and securi-
ties, and advance money thereupon, on such terms as may be
established or approved by said corporation; and it may be
lawful for any court of this State or United States court into
which moneys, stocks, bonds or other property may be paid
or deposited by agreement of parties, order, judgment or
decree of such court, to order and direct the same to be de-
posited with said corporation, and that any executor, admin-
istrator or other trustee or receiver, agent or other public
officer, having the control of any bonds, stock, security, moneys
or other valuables, belonging to others, shall be and is hereby
authorized to deposit the same for safe keeping with said cor-
poration, and that in all cases in which public officers, munici-
pal or private corporations may be made with said corporation ;

May receive
upon a
storage,
plate, etc.




 
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Session Laws, 1896 Session
Volume 475, Page 557   View pdf image (33K)
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