374

LAWS OF MARYLAND.

CHAP. 268.

Notice to be
given.

SEC. 4. And be it enacted, That five days' notice shall be
given by publication in one daily newspaper in Baltimore
city of the time and place of said annual election, which
election shall be conducted by three stockholders to be selected
from the body of stockholders, one of whom, shall be desig-
nated to act as judge, and the other two as inspectors.

Dividend
declared.

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

Rules,
regulations,
by-laws, etc.,
adopted.

SEC. 6. And be it enacted, That the president and direc-
tors of the corporation hereby created shall have power to
enact and adopt such rules, regulations and by-laws for the
government and management of the affairs of said corpora-
tion as they may deem advantageous to the interest thereof.

Authority to
receive on
deposit
valuables of
all kinds.

SEC. 7. And be it enacted, That the said corporation shall
have power to receive deposits of money, securities and other
personal property from any person as public or private cor-
poration, upon such terms as they may be agreed upon ; and
to loan money on personal security; to deal in exchange,
foreign or domestic, and in any or all kinds of property,
personal effects, securities, mortgages, land certificates of
indebtedness, stocks of incorporated companies, notes, loans
of the United States or of any State, city, county or munici-
pality, or of any incorporated company or of any individual;
provided, that no loan shall be made directly or indirectly to
any officer or employe of said corporation, and for any
violation of this provision, the party or parties consenting
thereto, directly or indirectly, shall be liable to said corpora-
tion for the amount so loaned and all losses or expenses that
may result therefrom.

May deposit
bonds,
stocks, etc.
with said
company.

SEC. 8. And be it enacted, That any individual or adminis-
trators, executor, guardian, committee, receiver, assignee,
trustee, State, county or municipal government, or corpora-
tion or public officer, or any person or persons acting for
others, having the custody of any bonds, stocks, securities,
money or valuables, shall be authorized to deposit the same
for safe keeping with the said company.

Manner of
conducting
business.

SEC. 9. And be it enacted, That the said corporation shall
have power to guarantee, endorse and secure the payment and
collection of notes, debts, bills of exchange, contracts, bonds,
mortgages, evidences of debt, certificates of property, checks
and the titles to property, real or personal, indebtedness of
individuals, of companies, partnerships, contracts, loans of