984

LAWS OF MARYLAND.

Capital stock
taken as
security.

deposit of money or other valuables of any kind with said cor-
poration, the capital stock of said corporation may be taken
and considered as the security reqoired by law for the faithful
performance of any duty imposed npon 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 abso-
lutely 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,
trustee or assignee are invested or held, and the expenses of
such investigation shall be borne by the said corporation, and
such court may, if it deem necessary, examine the officers of
such corporation under oath or affirmation as to such invest-
ments.
SEC. 10. And be it enacted, That in case of the dissolution

Preferred
debts.

of said corporation, the debts due from the corporation as
receiver, trustee, assignee, executor administrator, guardian or
committee, or depository of funds, under order of any court or
courts, shall be preferred in the distribution of the assets of
said corporation.
SEC. 11. And be it enacted, Thaf the said corporation shall

Receive and
hold estates

have power to receive and hold, on deposit and in trust, and as
security or otherwise, any estate, real and personal or mixed,
including notes, bonds, obligations of States, companies, corpo-
rations and individuals, and the same to purchase, collect,
adjust, settle, sell and dispose of, upon such terms as may be
agreed upon.
SEC. 12. And be it enacted, That the said corporation shall

Receive
deposits on
money, etc.

have power to receive deposits of money, securities and other
personal property from any person, or public or private corpo-
ration, upon such terms as may be agreed upon ; and to loan
money on real or personal property ; to deal in exchange, for-
eign and domestic, and in any and all description, personal
effects, securities, mortgages, lands, certificates of indebtedness,
stocks of incorpoiated companies, notes, loans or bonds of the
United States, or of any State, city, county or municipality, or
of any incorporated company, or of any individual, to loan
money on or to issue debenture bonds upon the security of real or
personal property ; to loan money on real or personal property
to be repaid in instalments or otherwise ; provided, that no loau
shall be made directly or indirectly to any officer or employe of
said corporation ; and for any violation of this provision, the