JOHN WALTER SMITH, ESQ., GOVERNOR.

529

SEC. 10. And be it enacted, That the said company be and
is hereby authorized to accept and execute trusts of any and
every description, which may be committed, or transferred
with their consent to them by any person or persons whomso-
ever, bodies corporate or public, or by any Court in the State
of Maryland, or in any one of the United States; and accept
the office and appointment of executors or administrators of
any kind or nature, whenever such office or appointment is
conferred or made by any person or persons, or by any
Orphans' Court or other Court, either in this State or in any
one of the United States; and that in all cases where applica-
tion shall be made to any Court of this State for the appoint-
ment of any receiver, trustee, administrator, executor, assignee,
guardian or committee of a lunatic or tninor, it shall be law-
ful for such Court, if it shall think tit, to appoint the Union
Bridge Banking and Trust Company, with their assent, as
such receiver, trustee, administrator, executor, assignee, guar-
dian or committee shall be regularly settled and adjusted
before that tribunal, and upon such settlement and adjustment
all proper customary and legal charges, costs and expenses
shall be allowed the said company for their care and manage-
ment of the trusts and estates aforesaid, and the said company
as such receiver, trustee, administrator, executor, assignee,
guardian or committee shall be subject to all orders or decrees
made by the proper tribunal, under the laws of such State.

CHAP. 369.

May accept
and execute
trusts, etc.

SEC. 11. And be it enacted, That when any Court shall
appoint the said company as receiver, trustee, administrator,
executor, assignee, guardian or committee, or shall order the
deposit of money or valuables of any kind with said company,
the capital as paid in shall be taken and considered as the
security required by law for the faithful performance of their
duties, unless the Court, so appointing, shall deem further
security necessary, and shall be absolutely liable in case of any
default whatever. The Court, if it deem it necessary, may
from time to time 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 the security afforded to those by or from whom its
engagements are held, and the expense of such investigation
shall be defrayed by said company, or the Court may, if it
deem necessary, examine the officers of said company under
oath or affirmation as to its management of its affairs.

Capital stock
paid in
taken as
security.

SEC. 12. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as may be obtained by the investment of
their capital stock, and all other moneys or funds, dealings

34

Authority to
take, hold,
enjoy all such
estates, etc.