LLOYD LOWNDES, ESQUIRE, GOVERNOR.

SEC. 8. And be it further enacted, That the said corporation
shall be and is hereby authorized and empowered to receive

897

and keep on deposit all such valuables as gold, silver or paper
money, bullion, precious metals, jewels, plate, certificates of
stock or evidences of indebtedness, deeds or muniments of title
or other valuable papers of any kind, or any other article or
thing whatsoever, which may be left or deposited for safe-
keeping with said corporation, and it may and shall be lawful
for any of the courts of this State, into which monies, stocks,
bonds or other property may be paid or deposited by agree-
ment of parties, order, judgment or decree of said court, to
order and direct the same to be deposited with said corpora-
tion, and it shall be entitled to charge such commission or com-
pensation therefor as may be agreed upon ; and for the com-
plete preservation and safe keeping thereof, may construct,
erect, purchase -or lease such fire and burglar-proof buildings,
vaults, iron and composition safes, or other building or means,
which may be or become necessary, and, generally, to transact
and perform all the business relating to such deposit and safe-
keeping or preservation of all such articles as valuables as may
be deposited with it.

SEC. 9. And be it further enacted, That when any court

Receive and
keep on
deposit
valuables.

shall appoint the eaid corporation a receiver, trustee, adminis-
trator, executor, assignee, guardian or committee, or shall order
the deposit of money or other valuable of any kind with said
corporation, the capital stock, as paid in, shall be taken and
considered 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 absolutely
liable in case of any default whatever ; the court, if it deems
necessary, may, from time to time, appoint suitable persons to
investigate the affairs and management of said corporation,
who shall report to such court the manner in which such in-
vestments are made, and the security afforded to those by and
for whom its engagements are held, and the expenses of such
investigation shall be defrayed by said corporation ; or the
court may, if it deem necessary, examine the officers of said
corporation, under oath or affirmation, in regard to the manage-
ment of its affairs.

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

Capital stock
taken as
security.

dissolution of said corporation, the debts due from the corpor-
ation as receiver, trustee, administrator, executor, assignee,
guardian or committee or depository of money, under order of

57

Preference
given.