JOHN WALTER SMITH, ESQ., GOVERNOR.

time to time requires; all elections shall be by ballot, and at
such elections and all meetings of stockholders every stock-
holder 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 twenty shares of stock.

797

SEC. 4. And be it further enacted, That ten days' notice shall
be given by publication in one daily newspaper in Hagerstown
of the time and place of said 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.

Publish notice
of election.

SEC. 5 And be it further enacted, That the directors shall
have power to declare such dividends of the profits of the
said company as they may deem proper; provided, that no
dividend shall be declared where the capital stock shall be
impaired thereby.

Dividends.

SEC. 6. And be it further enacted, That said company
be and is hereby authorized and empowered to insure the
fidelity of persons holding places of trust or responsibility to
or under any state, county, city, corporation, company, per-
son or persons whatsoever; to become security for the faithful
performance of any trust, office, duty, contract or agreement,
and to supersede any judgment, or to go upon any appeal or
other bond; and it is further authorized to become sole surety
in all cases where by law two or more sureties are required
for the faithful performance of any trust or office, and it shall
and may be lawful for any court, register, clerk or other
officer to approve said company as sole surety in all such
cases; but in such cases the officers and affairs of said com-
pany may be subject to an examination by such court,
register, clerk or other officers, and it shall be lawful for such
company to stipulate and provide for indemnity from the
parties aforesaid, for whom it shall so become responsible,
and to enforce any bond, contract, agreement, pledge or other
security made or given for that purpose.

Power to
insure the
fidelity of
persons,
become surety
for, etc.

SEC. 7. And be it further enacted, That the said corporation
is authorized to take, have, hold and enjoy all such estates,
real, personal and mixed, as may be obtained by the invest-
ment of their capital stock, and all other moneys or funds that
may come into their possession in the course of their dealings
and business, and the same to sell, grant, mortgage, lease and
dispose of at pleasure, and to execute, acknowledge and
deliver all deeds and other instruments of writing concerning
the same.

May hold
estates, real
and personal.