788

LAWS OF MARYLAND.

treaaurer, who need not be of their number, and to appoint
and employ such other officers, clerks and agents as the busi-
ness of said company from time to time requires; all elections
shall be by ballot and at such elections and at all meetings of
the 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 stockholder to the
amount of at least twenty shares of stock.

Publish notice
of election.

SEC. 4. And be it enacted, That ten days' notice shall be
given, by publication in one or more newspapers in Hagers-
town, of the time and place of such annual election, which
election shall be conducted by three stockholders, to be
named by the directors from the body of stockholders, one of
whom shall be designated to act as judge and the other two
as inspectors.

Dividends

SEC. 5. 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 when the capital stock would be impaired
thereby .

May receive
money on
deposit, act as
agent, etc.

SEC. 6. 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 evidences of debt of any State,
corporation or association, municipality or public authority, on
such terms as will be agreed upon; to deal in exchange, for-
eign and domestic, and in every and all descriptions of prop-
erty, personal effects, securities, mortgages, land certificates
of indebtedness, stocks of incorporated companies, notes,
warehouse receipts, and bills of lading, loans on bonds of
United States or any city, county or municipality, or any in-
corporated company or any individual.

Courts,
assignee,
receiver, etc.,
may deposit
money and
valuables.

SEC. 7. And be it further enacted, That any and every court
into which moneys may be paid or deposited by agreement of
parties, the 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 or committee,
receiver, assignee, trustee, State, county or municipal gov-
ernment or corporation or public officer, or any person or
persons acting for others, having the custody of any bonds,
stocks, securities, moneys or valuables, shall be authorized to
deposit the same for safekeeping with the said company.

Sec. 8. And be it enacted, That said company may receive
upon storage, deposit or otherwise, merchandise, specie, plate,