JOHN WALTER SMITH, ESQ., GOVERNOR.

first meeting of the board after their election, as prescribed
by the third section of this Act, and after all subsequent elec-
tions, a president, first vice-president, second vice-president
and treasurer, and shall also have power to elect a secretary,
and to appoint and employ such other officers, clerks and
agents as the business of the said company from time to time
requires; all elections shall be by ballot, and at such elections
and all meetings of stockholders every stockholder shall be
entitled to one vote for every share of stock held by him,
but no person shall be eligible as director who is not a stock-
holder to the amount of at least ten shares of stock.

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SEC. 5. And be it enacted, That ten days' notice shall be
given by publication in some newspaper published in Mont-
gomery County, of the time and place of said annual election,
which election shall be conducted by three stockholders to be
named from the body of stockholders, one of whom shall be
designated to act as judge and the other two as inspectors.

Shall publish
notice of
election.

SEC. 6. And be it enacted, That the directors shall have
power to declare such dividends of the profits of the said com-
pany as they may deem proper; provided, that no dividend
shall be declared where the capital stock would be impaired
thereby.

May declare
dividends.

SEP. 7. And be it further enacted, That 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 evidence of debt of any State,
corporation, association, municipality or public authority, and
of becoming surety on bonds and obligations of every descrip-
tion on such terms as shall be agreed upon, to deal in
exchange, foreign and domestic, and in every and all descrip-
tion of property, personal effects, securities, mortgages, land
and real estate, certificates of indebtedness, stocks of incorpo-
rated companies, notes, loans, in bonds of the United States,
or of any city, county or municipality, of any incorporated
company or any individual.

Power to
receive money
on deposit,
act as agent,
etc,

SEC. 8. And be it further 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, county or municipal government or
corporation, or public officer, or any person or persons acting
for others having the custody of any bonds, stocks, securities,
moneys or values shall be authorized to deposit the same for
safekeeping with said company.

Courts, guar-
dian, trustee,
etc., may
order the
deposit of
money, etc.