LLOYD LOWNDES, ESQUIRE, GOVERNOR.
SEC. 8. And be it enacted. That when any court shall appoint

969

the said company as receiver, 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 may be taken and considered as the
surety required by law for the faithful performance of their
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 may deem necessary,
may from time to time appoint suitable persons to investigate
the affairs and management of said company, who shall report
to such court the manner in which said investments are made
and the security afforded to those by or from whom its engage-
ments are held, and the expenses of such investigations shall be
defrayed by said company ; or the court may, if it deem neces-
sary, examine the officers of paid company, under oath or
affirmation, as to the security aforesaid.

SEC. 9. And be it enacted, That any executor or administrator,

Capital stock
taken as
surety.

gnardian or other trustee, or public officer having the control of
any bonds, stocks, securities, moneys or other valuables belong
ing to others, shall be and is hereby authorized to deposit the
same for safe keeping with said company.

SEC. 10. And be it enacted, That the said corporation is

Authority
given.

authorized to take, have, hold and enjoy all such estates, real,
personal and mixed, as may be obtained by the investment of
their capital stock, and all other moneys or funds that may
come into their possession in the course of their dealings and
business, and the same to sell, grant, mortgage, lease and dis-
pose of at their pleasure, and to execute, acknowledge and
deliver all deeds and instruments of writing concerning the
same.

Certain
powers
given.

SEC. 11. And be it enacted, That the president, vice-presi-
dent and directors of the corporation hereby created shall have
power to enact and adopt such rules, regulations and by-laws
for the government and management of said corporation as
they may deem advantageous to the interests thereof, provided
the same be not contrary to the law of the land.

Adopt rules.

SEC. 12. And be it further enacted, That the said corpora-
tion shall be subject at all times to the Act of Assembly of
Maryland, chapter 109, as amended by Act of 1896, chapter
160, and of the Act of 1892, -chapter 279, and all general laws
governing associations of a similar character.

Subject to a
certain Act.