JOHN WALTER SMITH, ESQ., GOVERNOR-

571

and shall be lawful for any of the Courts of this State into
which moneys, stocks, bonds or other property may be paid or
deposited by agreement of parties, order, judgment or decree
of said Courts, to order and direct the same to be deposited
with said corporation, and it shall be entitled to charge such
commission or compensation therefor as may be agreed upon;
and for the complete preservation and safe keeping thereof
may construct, erect, purchase or lease such fire and burglar
proof buildings, vaults, iron and composition safes, or other
buildings or means which may be or become necessary, and
generally to transact and perform all the business relating to
such deposit and safe keeping or preservation of all such
articles or valuables as may be deposited with it.

CHAP. 400.

SEC. 9. And be it enacted, That the directors shall have
power to declare such dividends of profits of the said corpo-
ration as they may deem proper, provided no dividend shall
be declared when the capital stock would be impaired thereby,
and shall have discretionary power to invest at its pleasure its
capital and the increment thereof, and all moneys received in the
course of its business transactions, and to take, have, hold and
enjoy all such estates, real or personal, as may be obtained
with the moneys aforesaid, and to execute, acknowledge and
deliver all deeds and any legal papers, and any instruments
Concerning the same ; to collect ground rents, interest on mort-
gages, dividends and income of all kinds, and to have the
management and custody of all kinds of property on such
terms as it 'may arrange.

May declare
dividends.

SEC. 10. And be it enacted, That the corporation shall have
power to act as the fiscal or transfer agent of any State,
municipality, body politic or corporate, and in such capacity
to receive and disburse money, and transfer, register and
countersign certificates of stock, bonds or other evidences of
indebtedness, and to receive and manage any sinking fund of
any corporation on such terms as may be agreed upon.

Act as fiscal
or transfer
agent, etc.

SEC. 11. And be it enacted, That at least ten days' notice
shall be given by letter to each stockholder of record at the
time of giving such notice, or by publication in one or more
newspapers published in Baltimore city, of the time and place
of said annual election, which annual election shall be con-
ducted by three stockholders, to be selected by the body of
stockholders, one of whom shall be designated to act as judge,
and the other two as inspectors.

Notice of
election to be
given.

SEC. 12. And be it enacted, That the said company shall
have power to consolidate with any other company or com-
panies, corporation or corporations, having like or similar
powers, .upon such terms as may be agreed upon, by the

May
consolidate
with
any other
company.