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Session Laws, 1933 Session
Volume 421, Page 364   View pdf image (33K)
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364 LAWS OF MARYLAND. [CH. 217

for the time being, and one shall be a representative of the
Safe Deposit and Trust Company, a body corporate of the
State of Maryland and trustee under the last will and testa-
ment of Henry Walters. Until their successors are elected
the board of trustees shall be those named as incorporators
herein.

The Board shall have power to make, alter and repeal
by-laws; to fill vacancies in the membership of the Board,
and to provide, in such by-laws, for terms for its members,
except those named ex-officio; provided that such terms
shall conform with any ordinance of the Mayor and
City Council of Baltimore, and provided, further, that
the term of Sarah W. Walters as a member of said Board
shall be the period of her life.

The Board shall have power to elect or appoint a presi-
dent, who shall be a member of the Board; a secretary and
a treasurer, and such other officers as its by-laws may pro-
vide, and one person may fill more than one office, as the
Board may determine.

The Board shall have full and exclusive power to ap-
point a director for the Walters Art Gallery, and to ap-
point or provide for the appointment of such curators,
assistants and other employes as may be advisable.

The Board shall, generally, have all the powers with
respect to the affairs of said corporation which are con-
ferred by the Public General Laws of Maryland upon the
directors or managing bodies of Maryland corporations.
And the powers of the corporation shall include the power
to acquire, hold, manage, sell, exchange, encumber or other-
wise dispose of any property, real, personal or mixed; and
to accept any grant, gifts, devises or bequests made to said
Corporation, absolutely, or in trust, for any of the pur-
poses of said Corporation, or for any purposes germane
thereto, and to execute such trusts. Any payment of in-
come made by the Safe Deposit and Trust Company, trustee
under the last will and testament of Henry Walters, to the
Trustees of Walters Art Gallery, a body corporate, pro-
vided said Corporation is authorized by ordinance of the
Mayor and City Council of Baltimore to receive such pay-
ment or payments on behalf of the Mayor and City Council
of Baltimore, shall have the same effect as a payment to
the Mayor and City Council of Baltimore, and the trustee
shall be released, acquitted and discharged of all responsi-
bility or liability therefor.

SEC. 5. And be it further enacted, That said Corpora-
tion shall be classed as an educational corporation, but

 

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Session Laws, 1933 Session
Volume 421, Page 364   View pdf image (33K)
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