EDWIN WARFIELD, ESQ., GOVERNOR.

735

curator, trustee, administrator, executor, assignee, guardian,
committee or other fiduciary shall be subject to all orders
and decrees made by the proper tribunal under the laws of
the place where the appointment is made.
SEC. 6. And be it enacted, That when any court, person,

CHAP. 405

company or corporation aforesaid, shall appoint said com-
pany a receiver, curator, trustee, administrator, executor,
assignee, guardian, committee or other fiduciary, or shall
order the deposit of money or other valuables of any kind
with said company, the capital stock, as paid in, shall be
taken and considered as the only security required by law
for the faithful performaance 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 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 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
under oath or affirmation as to the security afforded; 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
management, by letters or powers of attorney or otherwise,
as fully in every respect as could or may be done by an
individual; also to execute all authorities and to attend to,
care for and manage all matters of business of every kind,

Capital stock
to be taken
as security.

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 writ-
ing; to institute suits, actions or other proceedings on their
behalf, and to fully attend to any of said matters and things
committed 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 mort-
gaged premises, wherever and whenever such power of sale is

Right to insti-
tute suits,
actions, etc.