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Session Laws, 1910 Session
Volume 487, Page 1361   View pdf image (33K)
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PRIVATE ACTS. 1361

the United States, or of the United States Government, or of
any territory or dependency thereof, or of any foreign country,
State or Government, or any branch or part of any foreign

country, State or Government.

SEC. 5. And be it further enacted, That said company shall
have power to guarantee, indorse and secure the payment and
punctual performance and collection of notes, debts, bills of

exchange, contracts, bonds, accounts, claims, rents, annuities,
mortgages, choses in action, evidence in debt, certificates of
property or value, checks and the titles to property, indebted-
ness of'individuals, of companies, partnerships, contracts, loans
of States, cities, counties and municipalities on such terms or

commissions as may be agreed upon or established by said
company and the parties dealing therewith.

SEC. 6. And be it further enacted, That the said company
shall have power to enter into an agreement with any admin-
istrator, guardian, receiver, trustee or other fiduciary for whom
it has become surety for the deposit, subject to check, or the
safekeeping of any and all money, assets and other property for
which he is or may be responsible, with any bank, savings
"bank, safe deposit or trust company, selected by such fiduciary
in such manner as to prevent the withdrawal or alienation of
«uch money, assets or other property, or any part thereof, from
such bank, savings bank, safe deposit or trust company, with-
out the countersignature or written consent of the said Mary-
land Casualty Company, or an order of the court .or a judge
thereof having jurisdiction over such fiduciary, made on such
notice to said company as the court or judge may direct.

SEC. 7. And be it further enacted, That the directors of the
said company be and the same are hereby authorized and
empowered, either at a general or special meeting, to name,
constitute and appoint agents or attorneys, in any of the

countries, and within any of the jurisdictions aforesaid, and to
invest such agents or attorneys with power and authority, on
its behalf as surety, to make, sign, execute, deliver, justify
upon, and attach the corporate seal of said company to any
bond, recognizance, stipulation or contract, within the scope
of the chartered powers of said 'company, and the said direc-
tors are further authorized and empowered to provide that the
execution by said agents or attorneys of such bonds, recog-
nizances, stipulations and contracts shall be binding upon said

company.

SEC. 8. And be it further enacted, That the Maryland Cas-
ualty Company shall not, by reason of anything contained in
the provisions of this Act, be construed to be a banking, safe

deposit, trust or loan company, or to be authorized or empow-


 

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Session Laws, 1910 Session
Volume 487, Page 1361   View pdf image (33K)
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