632

LAWS OF MARYLAND.

absolutely liable in case of any default whatever; such court
may, from time to time, if it deem it necessary, appoint suit-
able persons to investigate the affairs and management of said
company, who shall report to such court the manner in which
such investments are made and held, and the expenses of such
investigation shall be borne by the said corporation, and such
court may, if it deem necessary, examine the officers of
such corporation under oath or affirmation, as to such invest-
ments.

SEC. 13. And be it enacted, That the said corporation shall
have power to invest its capital or the increment thereof, or

Investment
of funds.

such funds as may bo deposited with it, in the public funds
of the United States, or in any stock or property whatsoever,
and to dispose of said stocks, money and property in any such
manner (not contrary to law,) as may appear most advan-
tageous to it, and to take, have, hold and enjoy all such estates,
real, personal or mixed, as may be obtained by the investment
of its capital and all other money or funds that may come into
its possession in the ordinary course of its business, and the
same, to sell, grant, mortgage, lease and dispose of at pleasure,
and to execute, acknowledge and deliver all deeds or other
instruments of writing concerning the same; provided, how-
ever, that the said corporation shall make no investment or
disposition of any money or property deposited with or held
by it under the order or decree of any court, without the
authority of such court first had and obtained.

Subject to
Acts of 1893,

SEC. 14. And be it enacted, That the said corporation shall
be subject at all times to the provisions of the act of eighteen
hundred and ninety-two, chapter one hundred and nine, and
of chapter two hundred and seventy-nine.

Right of
repeal.

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

Effective.

SEC. 16. And be it enacted, That this act shall take effect
from the date of its passage.

Approved April 4, 1896.