658

LAWS OF MARYLAND.

and for the complete preservation of all articles or things
deposited for safe keeping, the said corporation may construct,
erect, purchase or lease such suitable buildings, and all other
means which may be or become necessary, and to maintain
and let for hire, vaults, safes and like receptacles.

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

Liability of
company.

appoint the said corporation a receiver, trustee or assignee, or
shall order the deposit of money or other valuables of any
kind with said corporation, the capital stock of said corpora-
tion shall be taken and considered as the security required by
law for the faithful performance of any duty imposed upon
it by orders or decrees of such court, unless the said court
shall deem proper to require further security; and the said
corporation shall be absolutely liable in case of any default
whatever. Such court may, from time to time, and whenever
deemed advisable by such court, appoint suitable persons to
investigate the affairs and management of said corporation,
who shall report to such court the manner in which such funds
so held as receiver, trustee or assignee, are invested or held,
and the expense of such investigation shall be borne by said
corporation, and such court may, if it deemed necessary, exam-
ine the officers of such corporation, under oath or affirmation,
as to such investments.

SEC. 10. And be it enacted, That in case of the dissolution

Dissolution of
company.

of said corporation, the debts due from the corporation as
receiver, trustee or assignee or depository of funds under order
of any court or courts, shall be preferred in the distribution of
the assets of said corporation.

May bold rea
estate, etc.

SEC. 11. And be it enacted, That the said corporation shall
have power to receive and hold, on deposit and in trust and as se-
curity, estate, real and personal and mixed, including notes,
bonds, obligations of States, companies, corporations and indi-
viduals, and the same to purchase, collect, adjust, settle, sell
and dispose of, upon such terms as may be agreed upon between
them and the parties contracting with them.

Hay receive
money etc.

SEC. 12. And be it enacted, That the said corporation shall
have power to receive deposits of money, securities and other
personal property from any person or public or private corpo-
ration, upon such terms as may be agreed upon, and to loan
money on real or personal security; to deal in exchange, for-
eign and domestic, and in any and all description of properties,
personal effects, securities, mortgages, bonds, certificates of in-
debtedness, stocks of incorporated companies, notes, loans, or