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Capital stock
taken as
security.
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taken and considered as the only security required by law
for the faithful performance of its duties; provided, the said
court shall not deem it necessary to require further security
and shall be absolutely liable in case of any default what-
ever; the court, if it deem the same necessary may, from
time to time, appoint suitable persons to investigate the
affairs and mauagement of said company, who shall report
to such court the manner in which such investments are
made and the security offered to those by or for whom its
engagements are held, and the expenses of such investiga-
tion shall be defrayed by said company; or the court may,
if deemed necessary, examine the officers of said company
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Take charge of
property, etc.
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under oath or affirmation as to the security offered; and
said company is further authorized to take charge of, care
for and manage any and all property of every kind and
description which may be placed in its charge, care or man-
agement, by letters or powers of attorney or otherwise as
fully in every respect as could or may be done by an indi-
vidual; also to execute all authorities and to attend to, care
for and manage all matters of business of every kind, nature
and description which may be conferred upon it by any
person or body corporate, including the sale, lease or other
disposition of property, real or personal, and to collect all
moneys, with full power and authority to execute and deliver
on behalf of its principals, deeds, leases, releases, bonds and
covenants, contracts or other instruments of writing; to
institute suits, actions or other proceedings on their behalf
and to fully attend to any of said matters or things com-
mitted to its charge as fully in every respect as can or may
be done by an individual; and said company shall be and is
hereby authorized to exercise powers of sale of mortgaged
premises, wherever and whenever such power of sale is or
may be conferred upon it by any instrument of mortgage,
either as mortgagee or as the attorney named therein, or as
the assignee of any mortgage; and for the faithful execution
of the powers of this action conferred upon the said company
its capital stock and surplus shall be liable in the same
manner as herein provided.
SEC. 7. And be it enacted, That any individual, agent,
executor, administrator, guardian, committee, receiver,
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