136

LAWS OF MARYLAND.

CHAP. 114.
Repeal.

session eighteen hundred and ninety-two, entitled "an Act to
incorporate the Commonwealth Guarantee Company," now
called the "Commonwealth Bank of Baltimore," be and the
same is hereby repealed and re-enacted with amendments as

New sections
added.

hereinafter set forth, and that three new sections, to be known
as sections ten, eleven and twelve, be and the same are hereby
added thereto, said new sections to read as herein set forth.

Section 6. And be it further enacted, That the said bodv
corporate shall have the right to receive money on deposit,

Certain rights
grantee.

evidences of debt for collection, for discount or otherwise ;
chattels, stocks, bonds and all proper writings or storage, or as
collateral security, upon such terms as may be agreed upon or
established by said company, and shall have the right to
guarantee, endorse and secure the payment, punctual perform-
ance and collection of notes, debts and due bills, bills of
exchange, contracts, bonds, accounts, claims, rents, annuities,
mortgages and interest thereon, choses in action, evidences of
debt, checks, titles to property, indebtedness of individuals or
of corporations, firms, corporations or joint stock companies,
loans of States, cities, counties and municipalities, upon such
terms as may be agreed upon or established by said company.

Section 10. And be it enacted, That the said body corporate

Authorized
to accept
and execute
trusts.

be and it is hereby authorized to accept and execute trusts of
any and every description which may be committed or trans-
ferred, with its consent, to it by any person or persons whom-
soever, bodies corporate or public, or by any Court in the
State of Maryland or in any one of the United States, and to
accept the office and appointment of executor or adminis-
trator, of any kind or nature, whenever such office or appoint-
ment is conferred or made by any person or persons, or by
any Orphans' Court or other Court, either of this State or any
of the United States, and that in all cases where application
shall be made to any Court in the State of Maryland or else-
where for the appointment of any receiver, trustee, adminis-
trator, executor, assignee, guardian or committee, it shall and
may be lawful for such Court, if it shall think proper, to
appoint said body corporate, with its assent, such receiver,
trustee, administrator, executor, assignee, guardian or com-
mittee, and the accounts of said company, as such receiver,
trustee, administrator, executor, assignee, guardian or com-
mittee shall be regularly settled and adjusted before the
tribunal having jurisdiction, and upon such settlement and
adjustment all proper, legal and customary charges, costs and
expenses, shall be allowed to said company for its care and
management of the trusts and estates aforesaid ; and the said
company, as such receiver, trustee, administrator, executor,