PRIVATE ACTS. 1221

guardian, committee or other fiduciary, or shall order the
deposit of money or other valuables of any kind with said
company, the capital stock, as paid in, shall be taken and con-
sidered as the only security required by law for the faithful
performance of its duties (provided the said court shall not
deem it necessary to require further security), and shall be ab-
solutely liable in case of any default whatever; the court, if it
deem the same necessary, may. from time to time, appoint suita-
ble persons to investigate the affairs and management of said
company, who shall report to such court the manner in which
such investments are made, and the security afforded to those
by or from whom its engagements are held, and the expenses
of such investigation shall be defrayed by said company; or
the court may, if deemed necessary, examine the officers of said
company under oath or affirmation as to the security afforded;
and said company is further authorized to take charge of, care
for and manage any and all property of every kind and descrip-
tion which may be placed in its charge, care or management, by
letters or powers of attorney or otherwise, as fully in every
respect as could or may be done by an individual; also to exe-
cute all authorities, and to attend to, care for and manage all
matters of business of every kind, nature and description which
may be conferred upon it by any person or body corporate,
including the sale, lease or other disposition of property, real or
personal, and to collect all moneys, with full power and au-
thority to execute and deliver on behalf of its principals, deeds,
leases, releases, bonds and covenants, contracts or other instru-
ments of writing; to institute suits, actions or other proceed-
ings on their behalf, and to fully attend to any of said matters
and things committed to its charge, as fully in every respect as
can or may be done by an individual; and said company shall
be, and is hereby authorized to exercise powers of sale of
mortgaged premises, wherever and whenever such power of
sale is or may be conferred upon it by any instrument of mort-
gage, either as mortgagee or as the attorney named therein, or
as the assignee of any mortgage; and for the faithful execution
of the powers of this action conferred upon the said company,
its capital stock and surplus shall be liable in the same manner
as herein provided.

SEC. 7. And be it enacted, That any individual, agent, execu-
tor, administrator, guardian, committee, receiver, curator, as-
signee or other person, or State, city or county officer or public
officer, or any person or persons acting for others, having the
control or custody of any bonds, stocks, securities, moneys or
other valuables belonging to themselves or others, shall be and
are hereby authorized to deposit the same for safe keeping with
said company.