598

LAWS OF MARYLAND.

	CHAP. 326	in case of any default whatever; such court may, from time to time and whenever deemed advisable by such court, appoint suitable persons to investigate the affairs and man- agement of said corporation who shall report to such court the manner in which such funds so held as receiver, trustee or assignee are invested or held, and the expenses of such investigation shall be borne by said corporation, and such court may if it deem necessary examine the officers of such corporation under oath or affirmation as to such investments. SEC. 10. And be it enacted, That in case of the dissolution
	Preferred debts.	of said corporation, the debts due from the corporation, as receiver, trustee or assignee, or depository of funds, under order of any court or courts, shall be preferred in the dis- tribution of the assets of said corporation. SEC. 11. And be it enacted, That the said corporation shall
	Receive and hold on deposit real and persons estate, etc.	have power to receive and hold on deposit and in trust, and as security, estate, real, personal and mixed, including notes, bonds, obligations of States, companies, corporations and individuals, and the same to purchase, collect, adjust, settle, sell and dispose of upon such terms as may be agreed upon between them and the parties contracting with them. SEC. 12. And be it enacted, That the said corporation
	Receive deposits of money, securities, etc.	shall have power to receive deposits of money, securities and other personal property from any person, or public or private corporation upon such terms as may be agreed upon, and to loan money on real or personal security, to deal in exchange, foreign and domestic, and in any and all descrip- tion of properties, personal effects, securities, mortgages, lands, certificates of indebtedness, stocks of incorporated companies, notes, loans or bonds of the United States, or of any State, city, county or municipality, or of any incor- porated company, or of any individual; provided that no loan shall be made directly or indirectly to any officer or employee of said corporation; and for any violation of this provision the party or parties consenting thereto, directly or indirectly, shall be liable to said corporation for the amount so loaned, and all expenses or losses which may result therefrom. SEC. 13. And be it enacted, That the said corporation shall have power to guarantee, endorse and secure the pay- ment and collection of notes, debts, bills of exchange, con- tracts, bonds, mortgages, evidences of debt, certificates of