LLOYD LOWNDES, ESQUIRE, GOVERNOR.

stocks, boDds or evidences of indebtedness such deposits by
such officers or corporations may be made with said corpora-
tion, and for the complete preservation of all articles or things
so deposited for safe keeping, the said corporation may con-
construct, erect, purchase or lease such suitatle buildings, and
all other means which may be or become necessary, and
to maintain and let for hire, vaults, safes, and like recepta-
cles.

SEC. 9. And be it further enacted. That when any court
shall appoint the said corporation a receiver, trustee, adminis-

795

trator, executor, assignee, guardian or committee, or shall order
the deposit of money or other valuables of any kind with said
corporation, the capital stock as paid in shall be taken and con-
sidered as the security required by law for the faithful per-
formance of its duties ; provided, the said court shall not
deem it necessary to require further security, and shall be abso-
lutely liable in case of any default whatever ; the court, if it
deem necessary, may from time to time appoint suitable per-
sons to investigate the affairs and management of said corpo-
ration, who shall report to such court the manner in which
such money or valuables are kept or invested, and the security
afforded to those by or for whom its engagements are held, and
the expense of such investigation shall be defrayed by said
corporation, or the court may, if it deem it necessary, examine
the officers of said corporation under oath or affirmation as to
the security aforesaid.

SEC. 10. And be it further enacted, That in case of the

Capital stock
taken as
security.

dissolution of said corporation, the amounts due from the cor-
poration as receiver, trustee, administrator, executor, assignee,
guardian or committee, or depositary of money under order
of court, shall have preference in the distribution of assets of
said corporation.

SEC. 11. And be it further enacted, That said corporation be

Preference
given.

and it is hereby authorized and shall have discretionary powers
to invest at its pleasure its capital stock and moneys received :
on deposit, loan or otherwise ; provided, that said corporation, in
the investment of funds held by it as trustee, administrator,
executor, assignee, guardian or committee, shall be subject to
the laws of this State and the rules of courts now existing or
hereafter passed governing investments of such funds by
natural persons when acting in such fiduciary capacities ; that
it is authorized to take, have, hold and enjoy all such estate,
real, personal and mixed, as may be obtained with the moneys

Invest the
capital
stock.