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CHAP. 422
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case of natural persons when so appointed; and the said cor-
poration as such receiver, trustee, assignee, administrator,
executor, guardian or committee shall be subject to all law-
ful orders or decrees made by the proper tribunal under the
laws of such State.
SEC. 18. And be it enacted, That when any court shall
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Capital stock
taken as
security.
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appoint the said corporation as receiver, trustee, assignee,
executor, administrator, guardian or committee, or shall
order a deposit of money, stocks, bonds, securities or other
valuables of any kind with said corporation, the capital stock
as paid in shall be taken and considered as the security
required by law for the faithful performance of any duty
imposed upon it by orders or decrees of such court, unless
the said court shell deem it proper to require further secur-
ity; and the said corporation shall be absolutely liable in
case of any default whatever. Such court may, from time to
time, and whenever neemed advisable, appoint suitable per-
sons to investigate the affairs and management of said cor-
poration, who shall report to such court the manner in which
such investments are made, and the security offered to those
by and for whom its engagements are held, and the expense
of such investigation shall be defrayed by said corporation ;
or the court may, if deemed necessary, examine the officers
of said corporation, under oath or affirmation, in regard to
the management of its affairs, and as to the security afore-
said, and in case of dissolution of said corporation, the
debts due from the corporation as receiver, trustee, assignee,
executor, administrator, guardian or committee, or deposi-
tory of money, under order of court, shall have preference
in the distribution of assets of said corporation.
SEC. 19. And be it enacted. That the corporation hereby
incorporated shall have the right and power at any time to
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Right of
consolidation
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unite or consolidate with any other corporation or corporations
which may be incorporated for any one or more of the pur-
poses set forth in this Act, or which may be authorized to exer-
cise any one or more of the powers conferred on the corpora-
tion hereby incorporated, whether such corporation or corpo-
rations shall have been heretofore or shall be hereafter incor-
porated by virtue of or by the general laws of this State, or any
special law or Act. And any such corporation or corporations
with which the corporation hereby incorporated is by this Act
authorized to unite or consolidate, are hereby equally author-
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