.JOHN WALTER SMITH, ESQ., GOVERNOR.

Stockholder shall be entitled to one vote for every share of
stock held by him; but no person shall be eligible as a
director who is not a stockholder to the amount of ten shares
of stock.

189

SEC. 5. And be it enacted, That ten days' notice shall be
given, by publication in one or more newspapers published
in Carroll County, of the time and place of said annual elec-
tion, which annual election shall be conducted by three stock-
holders, to be selected by the body of stockholders, one of
whom shall be designated to act as judge, and the other two
as inspectors.

SEC. 6. And be it enacted, That the directors shall have
power to declare such dividends of profits of the said corpo-
ration as they may deem proper; provided, that no dividend
shall be declared when the capital stock and four thousand
dollars of the surplus would be impaired thereby.

Publish notice
annual elec-
tion.

SEC. 7. And be it enacted, That the said company shall
have power to receive money on deposit, to act as agent for
the purpose of issuing, registering or countersigning certifi-
cates of stock, bonds or other evidences of debt of any State,
corporation, association, municipality or public authority, on
such terms as will be agreed upon; to deal in exchange,
foreign and domestic, and in every and all descriptions of
property, personal effects, securities, mortgages, land, certifi-
cates of indebtedness, stocks of incorporated companies, notes,
loans or bonds of the United States, or of any city, county
or municipality, or of any incorporated company, or any
individual .

May receive
money on de-
posit, act as
agents, etc.

SEC. 8. And be it enacted, That any and every court into
which moneys may be paid or deposited by agreement of
parties, order, judgment or decree of such court, may order
and direct the same to be deposited with said company, and
any individual or administrator, guardian, committee, receiver,
assignee, trustee, State or county or municipal government,
or corporation, or public officer, or any person or persons
acting for others, having the custody of any stocks, securi-
ties, moneys or values, shall be authorized to deposit the
same for safe keeping with the said company; but nothing
contained in this Act shall be construed to relieve any such
persons depositing with said company as authorized by any
section hereof from any legal liability for such deposit, unless
he shall have been ordered to make the same by the proper
court.

From whom
money may be
received on
deposit.