LLOYD LOWNDES, ESQUIRE, GOVERNOR.

court, shall have a preference in the distribution of the assets
of said corporation.

709

SEC. 11. And be it further enacted, That any executor,
administrator or other trustee, receiver or public officer, having
the control of any bonds, stocks, securities, moneys or other
valuables belonging to others, shall be and is hereby authorized
to deposit the same for safe keeping with said corporation ;
that in all cases in which public officers, municipal or private
corporations are authorized to deposit money, stocks, bonds or
evidences of debt, such deposits by such officers or corporation
may be made with said corporation.

Deposits by
executors,
etc.

SEC. 12. And be it further enacted, That the said corpo-
ration shall be and is hereby authorized and empowered to
insure the fidelity of persons holding places of trust or
responsibility of any State, corporation, company, firms, per-
son or persons whatsoever, to endorse and become security for
the faithful performance of any trust, office, duty, contract or
agreement, and to supersede any judgment or become surety
upon any bond for appeal from any order, judgment or decree
of any court of record or justice of the peace; and it is fur-
ther authorized to become sole surety in all cases where by law
two or more sureties are required for the faithful performance
of any trust or office, and it shall and may be lawful for any
court to approve said corporation as sole surety in all such
cases; and in every such case the capital stock of said corpo-
ration shall be taken and considered as sufficient security there-
for, but in all such cases, the affairs and effects of said corpora-
tion shall be subject to an examination if the court should
deem it necessary, and the said court may examine, under oath,
the officers of said corporation in relation to the affairs, prop-
erty and effects of said corporation; and it shall be lawful for
said corporation to stipulate and provide indemnity from the
parties aforesaid for whom it shall so become responsible, and
to enforce any bond, contract, agreement, pledge or other
security made or given for that purpose.

May insure
fidelity of
public
officials.

SEC. 13. And be it further enacted, That said corporatior
be, and it is hereby authorized and shall have discretionary
powers to invest at its pleasure its capital stock and money
received on deposit, loan or otherwise ;' provided, that said cor
poration, in the investment of funds held by it as trustee, admin
istrator, executor, assignee, guardian, or committee, shall b
subject to the laws of this State and the rules of courts no\
existing or hereafter passed governing investments of such fund

Investment
of funds.