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CHAP. 616.
Authority to
keep on
deposit gold,
silver,
jewels, etc.
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stock, bonds, deeds, mortgages, promissory notes or other
securities, and all other kinds of personal property and advance
money thereon, upon such terms as may be agreed upon ; that
in all cases in which public officers, municipal or private cor-
porations, executors, administrators, guardians, receivers,
trustees or other officers of the Courts of the State of Mary-
land or of the United States Courts are authorized to deposit
money, stocks, bonds, evidences of debt or other securities,
such deposits by such officers or corporations may be made
with said company.
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Authority to
accept and
execute
trusts, etc.
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SEC. 11. And be it enacted, That the said company be and
it is hereby authorized to accept and execute trusts of every
kind and description, which may be committed or transferred
to it, with its consent, by any person or persons whomsoever,
bodies corporate or public, or by any Court in the State of
Maryland, or by the Courts of the United States, or of any
of the States or territories thereof ; and to accept the office
and appointment of executor, administrator, trustee, com-
mittee, guardian or assignee 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 any one of the United States, and that in all cases
where application shall be made to any Court of this State for
appointment of any receiver, trustee, administrator, assignee
guardian or committee of a lunatic or minor, it shall and may
be lawful for such Court., if it shall think tit, to appoint the
said company, with its assent, such receiver, administrator,
trustee, assignee, guardian or committee; and the accounts of
said company as such receiver, trustee, administrator, guardian
or committee shall be regularly settled and adjusted before
said Court, and upon such settlement and adjustment, all
proper, legal and customary charges, commissions, cost and
expenses shall be allowed said company for its 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 tribunals under the laws of this State.
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Capital stock
to be taken
as security.
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SEC. 12. And be it enacted. That whenever any Court shall
appoint the said corporation a receiver, administrator, trustee,
guardian, committee or assignee, or shall order the deposit
of money or valuables of any kind with the said corporation,
the capital stock of said corporation shall be taken and con-
sidered as the security required by law for the faithful per-
formance 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
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