JOHN WALTER SMITH, ESQ., GOVERNOR.

403

sidered as the security required by law for the faithful per
formance of their duties ; provided, the said Court shall not
deem it necessary to require further security, and shall be
absolutely liable in case of any default whatever ; the Court,
if it deem it necessary, may, from time to time, 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 the security afforded to those
by or from whom its engagements are held, and the expense
of such investigation shall be defrayed by such company ; or
the Court may, if deemed necessary, examine the officers of
said company under oath or affirmation, as to the security
aforesaid.

CHAP. 204.

SEC. 12. And be it enacted, That any executor, adminis-
trator, guardian or other trustee or public officer having the
control of any bonds, stocks, securities, moneys or other valu-
ables belonging to others shall be and is hereby authorized to
deposit the same for safe keeping with said company.
SEC. 13. And be it enacted, That the said corporation is

Bonds,
stocks, etc.,
deposited
with
company for
safe
keeping.

authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as may be obtained by the investment of
their capital stack, and all other moneys and funds that may
come into their possession in the course of their dealings and
business, and the same to sell, grant, mortgage, lease and dis-
pose of at pleasure, and to execute, acknowledge and deliver
all deeds and other instruments of writing concerning the
same ; provided, however, that the said real estate so to be
held by them shall be only that to be occupied as their office
and place of business, not exceeding in value one hundred
thousand dollars, and such as may corne into their possession
in satisfaction of any debt due to them upon mortgage, decree
or judgment.

Certain
privileges
granted.

SEC. 14. And be it enacted, That the said company shall
be and is hereby authorized and empowered to insure the
fidelity of persons holding places of trust or responsibility in,
to or under any State, county, city, corporation, company, part-
nership, person or persons whatsoever, to become security for
the faithful performance of any trust, office, duty, contract or
agreement and to supersede any judgment, or to go upon any
appeal or other bond, and it is further authorized to become
sole security 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, register, clerk
or other officer to approve said company as sole surety in all
such cases, but in such cases the officers and affairs of said
company may be subject to an examination by such Court,

Authority to
insure the
fidelity
of persons
holding
places
of trust, etc.