804

LAWS OF MARYLAND.
kind with said corporation, the capital stock of said corpora-

Capital stock
taken as
security.

tion shall be taken and considered as the security by law for
the faithful performance of any duty imposed upon it by the
orders or decrees of such court, unless the said court shall deem
proper to require further security ; and the said corporation
shall be absolutely liable in case of any default whatever ; such
court may, from time to time, and whenever deemed advisable
by such court, appoint suitable persons to investigate the affairs
and management of said corporation, who shall report to such
court the manner in which such funds so held as receiver, trus-
tee or assignee are invested or held, and the expenses of such
investigation shall be borne by said corporation ; and such
court may, if it deem necessary, examine the officers of such
corporation under oath or affirmation as to such investments.
SEC. 9. And be it enacted, That in case of the dissolution

Preferred
debts.

of said corporation, the debts due from the corporation as
receiver, trustee or assignee, or depository of funds, under
order of any court or courts, shall be preferred in the distribu-
tion of the assets of said corporation.
SEC. 10. And be it enacted, That the said corporation shall
have power to receive and hold, on deposit and in trust, and as

Estates re-
ceived and
held on
deposit.

security, estate, real and personal and mixed, including notes,
bonds, obligations of estates, companies, corporations and indi-
viduals, and the same to purchase, collect, adjust, settle, sell
and dispose of, upon such terms as may be agreed upon between
them and the parties contracting with them.
SEC. 11. The said corporation shall be and it is hereby

Power
granted,

authorized, either for itself or as agent, to buy, sell, lease or
otherwise acquire and hold real and personal property in the
State of Maryland, or elsewhere, as fully and completely as a
natural person ; to loan money upon, purchase, sell or issue
bonds or mortgages or debenture bonds, upon the security of
real or personal estate in the State of Maryland, or elsewhere ;
to loan money upon real or personal security; to loan money
and to make advances, secured by mortgages, to be paid upon
such terms, at such time and in such instalments as may be
improved by said corporation ; to loan and borrow money for
any of the corporate purposes of said corporation ; to receive
money on deposit ; to have discretionary power to invest at its
pleasure its capital and the increment thereof ; and all moneys
received in the course of its business transactions, and to take,
have, hold and enjoy all such estates, real or personal, as may
be obtained with the moneys aforesaid ; and to execute, acknowl-
edge and deliver all deeds and legal papers, and any instru-