FRANK BROWN, ESQUIRE, GOVERNOR.

21

board, of not less than twenty -one directors, shall at their

annual meeting in January of each year, elect by ballot one

of their number to be president, one to be vice-president,

Election

one to be secretary and one to be treasurer of the board and

of Pres-
ident

of the association ; and said officers shall eacli liold office

for a term of one year from the date of their election, or

until their successors are elected or qualified. They shall

elect the general secretary and assistant, and all other

employees, fix their salaries and define their duties.

SEC. 4. And be it enacted, That the said Board of Directors

may adopt such constitution and by-laws as they may deem

proper in the management and control of the affairs of the

Constitu-
tion

said association and its branches, from time to time, not

inconsistent with law and this charter ; provided, however,

that none but active members shall have the right to vote

and hold office in said association.

SEC. 5. And be it enacted, Thatt the said corporation

shall be capable of taking and receiving by gift, grant,

devise, bequest or otherwise, any real estate, leasehold

Receiving

property, or other personal property, or money, whether in

Property.

or out of this State, and the same to occupy, use, lease, sell,

mortgage or otherwise dispose of the same or any part

thereof, in any manner not inconsistent with law. The

property so held by said association shall be limited to such

an amount as that the net annual revenue therefrom shall

not exceed the sum of fifty thousand dollars.

SEC. G. And be it enacted, That the real and leasehold

property now owned, or which may hereafter be acquired by

the said association, and also such sums received for the use

of said association from devises or bequests, gifts or other-

wise, as the permanent fund, shall be managed by a board

Manage-
ment of

of nine trustees, one of whom shall be ex-officio, the presi-

Funds.

dent of the association, and the remaining eight trustees

shall be members of said association, and a member of some

Christian church, in good standing, not more than three of

whom shall belong to the same religious denomination, and

that the following named persons and their successors in

office shall constitute the said board of trustees, namely :

Joshua Levering, ex-officio; J. Morrison Harris, Charles

Markell, George W. Corner, James Carey Thomas, Elisha

Board of

H. Perkins, Robert H. Smith, Alex. Y. Dolfield, James W.

Trustees.

Denny.

AND WHEREAS any vacancy in said Board of Trustees shall

be ascertained and declared by them to exist by reason of

death, resignation, removal, disqualification or failure to

Preamble.

retain membership in said association or otherwise, then

such vacancy shall be filled as soon thereafter as practicable,