ROBERT M. McLANE, ESQUIRE, GOVERNOR.

709

Monday of January, and they shall elect from their

number at the first meeting of the board after their

election, as prescribed by the second section of this

act, and after all subsequent elections, a president and

Directors —
when elected.

vice-president; and shall also have power to elect a

secretary and treasurer, and to appoint and employ

such other officers, clerks and agents as the business of

said company from time to time requires; all elections

shall be by ballot, and at such elections and all meet-

ings of 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 twenty shares of stock.

SEC. 4. And be it enacted, that ten days' notice shall

be given by publication in two daily newspapers pub-

lished in the city of Baltimore of the time and place

Give notice of

of said annual election, which election shall be con-

election.

ducted by three stockholders to be elected from the

body of stockholders, one of whom shall be designated

to act as judge and the other two as inspectors.

SEO. 5. And ~be it enacted, That the directors shall

have power to declare such dividends of profits of the

Declare divi-

Baid company as they may deem proper; provided
that no dividend shall be declared when the capital

dends.

stock would be impaired thereby.

SEC. 6. And be it enacted, That the president, vice-

president and directors of said company shall be and

they are hereby authorized and empowered to receive

and keep on deposit all such valuables, gold, silver or

What to re-

paper money, bullion, precious metals, jewels, plate,

ceive.

certificates of stock, or evidence of indebtedness, deeds

or muniments of title, or other valuable papers of any

kind, or any other article or thing whatsoever, which

may be left or deposited for safe keeping with said

company, and shall be entitled to charge such com-

mission or compensation therefor as may be agreed

upon; and for the complete preservation and safe

keeping thereof, shall construct, erect or purchase

such fire and burglar proof building vaults, iron or

composition safes, or other means, which may be or

become necessary, and generally to transact and per-

form all the business relating to such deposit and safe

keeping or preservation of all such articles or valua-

bles as may be deposited with said company, and also

Capital — how

to invest the capital or funds as may be deposited with

invested.