816

LAWS OF MARYLAND.

city of Hagerstown, or of any corporation, com-
pany, firm or person whatsoever, to become sole
surety in all cases where, by law, two or more-
sureties are required for the faithful perform-
ance of any trust or office ; and may be ap-
pointed by a.ny court having authority to make
such appointment, assignee, trustee, receiver,
executor, administrator, guardian of the estate
of an infant, or committee of the estate of a
lunatic. Bec. 10. And be it enacted, That it shall and
may be lawful for any court, or person or per-
sons whose duty it is to approve bonds, to

Considered
sufficient se-
curity.

approve said company as sole surety in all such
cases ; and in every case in which said company
shall exercise the powers granted in the pre-
ceding section, its capital stock shall be taken
and considered as sufficient security therefor ;
but in such cases the officers and affairs of said
company shall be subject to an examination,
and all its property and effects shall be liable
for the performance of any engagements en-
tered into by said company, trustee, receiver,
executor, administrator, guardian of the estate
of an infant, or committee of the estate of a
lunatic, the capital stock and all its property
and effects shall be taken and considered as the
security required by law for the faithful per-
formance of its duties, and shall be absolutely
liable, and no bond or other security shall be
required from it.
SEC. 11. And be it enacted, That every court

Make orders,
etc.

by which said company is selected for the per-
formance of any of the trusts enumerated in sec-
tion eight shall have power to make all such
orders and compel obedience thereto, and re-
quire said company to render all such accounts
as said court might lawfully make or require if
said company was a natural person.
SEC. 12. And be it enacted, That the said com-

Authorized to
execute and
issue.

pany is authorized to make, execute and issue,
in the transaction of its business, all necessary
legal papers, receipts, certificates, vouchers and
contracts bearing the impression or stamp of
the seal of the company, and signed by the pres-
ident and countersigned by the secretary ; and it
shall be lawful for the said company to stipulate