FRANK BROWN, ESQUIRE, GOVERNOR.

163

15. The said corporation shall hare the power to accept
and execute, as fully as a natural person could do, trusts of
every description which may be committed to it by any person
or persons, or by any corporation, or by the appointment or
authority of any court of records, and to act as agent for the
purpose of issuing, registering or countersigning certificates of
any stocks, bonds or other evidences of debt.

May execute
trusts of
every de-
scription.

16. The paid corporation shall also have the power to act
under the appointment of any court, as executor, administra-
tor, guardian, committee of lunatic, receiver, assignee, trustee
or other fiduciary; provided, that before it shall proceed to
exercise any of the powers granted by this section, its capital
shall be increased and paid up to the amount of five hundred
thousand dollars; and provided further, that every court
wherein the said company shall be appointed to any of the
offices above named, shall have the power to make all orders
upon tiie said corporation, and compel obedience thereto, and
require it to render all accounts which the said court might
lawfully make or require if the said company, were it a natural
person.

May act
under ap-
pointment
of court

17. In all cases in which said corporation shall become or
be appointed to the office of trustee, executor, administrator,
guardian, committee of lunatic, receiver, assignee or other
fiduciary, and a natural person would in such case be required
to give bond for the performance of the duties of his office,
the entire capital, property and effects of said corporation shall
be bound for the faithful performance of its duties as such
fiduciary, and shall be absolutely liable therefor, and no other
bond or security shall be required of it, unless the court
should deem it necessary to require further security.

Liability tor
faithful per-
formance of
duties.

18. That said company is authorized, and shall have dis-
cretion and power to invest at its pleasure moneys received im
trust, on depositor otherwise; that it is authorized to take,
have, hold and enjoy all such estate, real, personal and mixed,
that may be obtained with the moneys aforesaid, and also with
any, every and all funds that may come into its possession in
course of its business dealings, and the same may sell, grant,
mortgage, lease and dispose of in its discretion and at its will
and pleasure, and execute, acknowledge and deliver all deeds
and legal papers, and any instruments concerning the same;
to deal in exchange, foreign and domestic, and in every and all
description of properties, personal effects, securities, mort-

Investments.