LLOYD LOWNDES, ESQUIRE, GOVERNOR.

made to any court of this State for the appointment of any
receiver, trustee, administrator, executors, assignee, guardian or
committee of a lunatic or minor, it shall and may be lawful for
such court, if it shall think fit, to appoint the Westminster
Deposit and Trust Company, with their assent, such receiver,
trustee, administrator, assignee, guardian or committee; and
the accounts of said company, as such receiver, trustee, admin-
istrator, executor, assignee, guardian or committee, shall be
regularly settled and adjusted before that tribunal, and upoii
such settlement and adjustment all proper legal and customary
charges, costs and expenses shall be allowed the said company
for their care and management of the trusts and estates afore-
said ; and the said company, as such receiver, trustee, adminis-
trator, executor, assignee, guardian or committee, shall be sub-
ject to all orders or decrees made by the proper tribunal, under
the laws of such .State.

611

SEC. 11. And be it enacted, That when any court shall
appoint the said company as receivers, trustee, administrator,
executor, assignee, guardian or committee, or shall order the
deposit of money or other valuables of any kind with said
company, the capital stock as paid in shall be taken and con-
sidered as the security required by law for the faithful per-
formance of their duties, unless the court so appointed shall
deem further security necessary, and shall be absolutely liable
in case of any default whatever ; the court, if it deem it nec-
essary, may from time to time appoint suitable persons to inves-
tigate the affairs and management of said company, who shall
report to such court the manner in which such investments are
made, and the security afforded to those by or from whom its
engagements are held, and the expenses of such investigation
shall be defrayed by said company ; or the court may, if deemed
necessary, examine the officers of said company, under oath or
affirmation, as to the security aforesaid.
SEC. 12. And be it enacted, That any executor, adminis-
trator, guardian or other trustee or public officer having the

Security nec-
essary.

control of any bonds, stock, securities, moneys or other valua-
bles belonging to others, shall be and is hereby authorized to
deposit the same for safe keeping with said company, but
nothing contained in this Act shall be construed to relieve any
such officer depositing with said company as authorized by any
section hereof from any legal liability for such deposit, unless
he shall have been ordered to make the same by the proper
court.

SEC. 13. And be it enacted, That the said corporation is
authorized to take, have, hold and enjoy all such estates, real.

How bonds,
stocks, etc.,
are to be
deposited.