WM. T. HAMILTON, ESQUIRE, GOVERNOR.

575

tee the faithful and true performance of the obliga-

tions of the association, which shall make no

contracts beyond such guarantee or after the repeal

of the resolutions authorizing the same; the powers

of relief belonging to the association shall be exer-

Powers— how
exercised.

cised by the committee of management, consisting

of ten persons, one of whom shall be the president

or president pro tempore of the Baltimore and Ohio

Railroad Company, four of whom shall be appointed

by the president of the Baltimore and Ohio Rail-

road Company, and five elected annually by the

members of the association; the powers of receiving

money of said employees and their wives on deposit,

and making loans and all other investments of the

funds of the association, shall be vested in a board

Powers— how

of trustees consisting of five persons, three of whom

vested.

shall be appointed by the president of the Baltimore

and Ohio Railroad Company, and two elected annu-

ally by those depositing in the savings fund of the

association; elections for those members of the com-

mittee of management and members of the board

of trustees not appointed by the Baltimore and Ohio

Railroad Company shall be held at the time and

place and in the manner set forth in the constitu-

tion and by-laws of the association, and any vacan-

cies occurring in either board shall be filled in the

Vacancy— how

filed.

manner provided by the constitution and by-laws

of the association; any of the employees above men-

tioned, upon subscribing to the constitution and by-

laws of the association, and performing all other

obligations required to constitute membership in the

association, shall have the privilege of voting for

members of the committee of management or trus-

tees, as the case may be, either in person or by

proxy.

SEC. 2. And be it enacted, That this association

shall have power to sue and be sued, complain and

Sue and be
sued.

defend in any court of law or equity; to make and

use a common seal or seals for its board of trustees

and committee of management respectively, and

alter the same at pleasure; to acquire by purchase,

Acquire by

gift, devise or bequest, or any other manner, and

purchase.

take, hold, receive, nse, employ, manage, sell, lease,

mortgage or otherwise dispose of, or in any manner

not inconsistent with law, deal in property, real,

personal or mixed, and situated in or out of this