376

LAWS OF MARYLAND.

CHAP. 268.

Security for
faithful
performance
of duties.

money or other valuables of any kind with the said corpora-
tion, the capital stock of said corporation shall be taken and
considered as the security required by law for the faithful
performance of any duty imposed upon it by the order 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, if it deem it necessary, appoint
suitable 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 it necessary, examine the offi-
cers of such corporation under oath or affirmation as to such
investments.

Authorized
to invest
capital stock
etc.

SEC. 13. And be it enacted, That the said corporation shall
have power to invest its capital or the increment thereof, or
such funds as may be deposited with it, in the public funds
of the United States, or in any stock or property in any such
manner (not contrary to law) as may appear most advantage-
ous 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,
however, 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 certain
provisions.

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 and of
chapter one hundred and sixty of the Acts of eighteen hun-
dred and ninety-six, and all amendments and supplements to
said Acts of Assembly of the Act of eighteen hundred and
ninety-two.

Right of
appeal
reserved.

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

SEC. 16. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 8, 1902.