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valuable papers of any kind, or any other article or thing
whatsoever; and take charge and custody of real and
personal estates and securities, and advance money there-
upon on such terms as may be established or approved
by said corporation; and it may be lawful for any court
of this State or the United States Court into which
moneys, stocks, bonds or other property may be paid or
deposited by agreement of parties, order, judgment or decree
of such court, to order and direct the same to be deposited
with said corporation, and that any executor, administrator,
or other trustee or receiver, agent or other public officer
having the control of any bonds, stocks, security, moneys or
other valuables belonging to others, shall be and is hereby
authorized to deposit the same for safe-keeping with said
corporation; and that in all cases in which public officers,
municipal or private corporations may be authorized to
deposit money, stocks, bonds or evidences of indebtedness,
such deposits by such officers or corporations may be made
with said corporation, and for the complete preservation of
all articles or things so deposited for safe-keeping, the said
corporation may construct, erect, purchase or lease such
suitable buildings and all other means which may be or
become necessary, and to maintain and let for hire vaults,
safes and like receptacles.
SEC. 10. And be it enacted, That whenever any court shall
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CHAP. 474
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appoint the said corporation a receiver, trustee or assignee,
or shall order the deposit of money or other valuables of
any kind with said corporation, the capital stock of said
corporation shall be taken and considered as the security
required by law for the faithful performance of any duty
imposed upon it by the orders or decrees of such court,
unless the said court shall deem proper to require further
security; and the said corporation shall be absolutely liable
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.
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Capital stock
taken as
security for
faithful
performance
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