1252

LAWS OF MARYLAND.

established by the said company, or of accepting mortgages or
other liens thereon, and generally to deal in every and all
descriptions of property or properties, personal effects, securi-
ties, mortgages, land, certificates of indebtedness, stock of incor-
porated companies, loans on .bonds of the United States, or of
any State, city, county or municipality, or of any incorporated
company, copartnership, joint stock company or individual,
upon such terms as may be agreed upon or established by said
company.
SEC. 4. And be it further enacted, That, the said body cor-

Bight to
guarantee
the fidelity
of any
person, etc.

porate shall have the right to guarantee the fidelity of any
person or persons, firm or firms, joint stock company or joint
stock companies, corporation or corporations, occupying posi-
tions of trust or responsibility and to insure the performance
of any lawful undertaking whatsoever upon such terms as may
be agreed upon or established by said company ; and the
capital stock of said company and all of its property and
estate shall be taken and considered as the sole security
required by law for. the faithful performance of the duties so
undertaken, and shall be absolutely liable in case of any default
whatsoever; and the said - corporation is further authorized to
become sole security in all cases where by law one, two or
more securities are required, and it shall and may be lawful
for any court, register, clerk or other .officer of any court to
approve the bond or undertaking of said company as sole
security in all such cases ; but in such cases the officers and
affairs of the said company may be subject to examination at
any time by such court, or by the officers or agents thereof,
who may be by such court directed to make such examination.
SEC. 5. And be it further enacted, That said body corporate

Bight to
guarantee
the secu-
rity, etc.

shall have the right to guarantee the security, integrity and
income of investments in mortgages upon real or leasehold
property, or chattel interests, in ground rent annuities, in stocks
and bonds of any State, city, county, municipality or corpora-
tion, or joint stock company or copartnership ; to guarantee
the validity of title to real, leasehold or chattel property and to
guarantee the payment of credit, or any part thereof, given or
extended, or to be given or extended, by or to any person or
persons, firm or firms, copartnership or copartnerships, cor-
poration or corporations, joint stock company or joint stock
companies.
SEC. 6. And be it further enacted, That the said body cor-
porate shall have the right to invest, upon such terms as may
be agreed upon or established by said company, any sum or