1895_private laws_156_14
CHAPTER 155 An act to incorporate The Guardian Security, Trust and Deposit Company, of Wilmington, North Carolina. The General Assembly of North Carolina do enact:
And be it further enacted, That when any court shall appoint the said corporation a receiver, trustee, administrator, executor, assignee, guardian or committee, or shall order the deposit of money, or other valuables 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 performance 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 deem 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 investments are made, and the security afforded to those by or for whom its engagements are held, and the expenses of such investigations shall be defrayed by said corporation; or the court may, if it deem necessary, examine the officers of said corporation under oath or affirmation, as to the security aforesaid.