628

LAWS OF MARYLAND.

CHAP. 362

Notice to be
given
of election.

SEC. 5. And be it enacted, That ten days' notice shall be
given, by publication in one or more newspapers published in
arroll county, of the time and place of said annual election,
which shall be conducted by three stockholders, one of whom
shall be designated to act as judge, and the other two as
inspectors.

Power to
declare
dividends,

etc.

SEC. 6. And be it enacted, That the directors shall have
power to declare such dividends of profits of said corporation
as they may deem proper ; provided, that no dividends shall
be declared when the capital stock and five thousand dollars
of the surplus would be impaired thereby.

Authority to
receive
money on
deposit, act
as agent, etc.

SEC. 7. And be it enacted, That the said company shall
have power to receive money on deposit, to act as agent for
the purpose of issuing, registering or countersigning certifi-
cates of stock, bonds or other evidences of debt of any State,
corporation, association, municipality or public authority on
such terms as will be agreed upon to deal in exchange, foreign
and domestic and in every and all descriptions of property,
personal effects, securities, mortgages, land, certificates of
indebtedness, stocks of incorporated companies, notes, loans
or bonds of the United States, or of any city, county or
municipality, or of any incorporated company or any individual.
SEC. 8. And be it enacted, That any and every Court

May deposit
stock,
securities,
etc , with
company.

into which moneys may be paid or deposited by agreement or
parties, order, judgment or decree of such Court, may order
and direct the same to be deposited with said company, and
any committee, receiver, assignee, trustee, State or county, or
municipal government, or corporation, or public officer, or any
person or persons acting for others, having the custody of any
stock, securities, moneys or values, shall be authorized to
deposit the same for safekeeping with the said company, but
nothing contained in this Act shall be construed to relieve any
such persons depositing with said company as authorized by
any section hereof from any legal liability for such deposit,
unless he shall have been ordered to make the same by the
proper Court.

Receive upon
storage
merchandise,
specie, etc.

SEC. 9. And be it enacted, That the said company may
receive upon storage, deposit or otherwise, merchandise, specie,
plate, bullion, stocks, promissory notes, certificates and evi-
dences of debt, contracts and all other personal property, and
advance money thereon, on such terms as may be established
or approved by said company; that in all cases in which
public officers or municipal or private corporations are author-
ized to deposit money, stocks, bonds, or evidence of debt, such
deposits, by such officers or incorporations, may be made with
said company.