JOHN WALTER SMITH, ESQ., GOVERNOR.

651

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

CHAP. 436.

Notice to be
given
of election.

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

Dividends
declared.

SEC. 6. And be it enacted, That the said corporation shall
hare power to receive money on deposit, subject to check or
otherwise; also to receive securities and other choses in action
and personal property of every kind and description from any
person or public or private corporation, upon such terras as
may be agreed upon, and to loan money on real and personal
security; to deal in exchange, foreign and domestic, and in any
and all descriptions of properties, personal effects, securities,
mortgages, bonds, certificates of indebtedness, stocks of incor-
porated companies, notes, loans or bonds of the United States,
or of any other State, city, county or municipality, 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 corporation for the amount
so loaned, and all expenses or losses which may result there-
from.

Authority to
receive
money on
deposit, etc.

SEC. 7. And be it further enacted, That the said corpora-
tion shall be and is hereby authorized and empowered to
receive and keep on deposit all such valuables as gold, silver
or paper money, bullion, precious metals, jewels, plate, certifi-
cates 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 corporation; and it may and shall be
lawful for any of the Courts of any State into which moneys,
stocks, bonds or other property may be paid or deposited by
agreement of parties, order, judgment or deeree of said Court,
to order and direct the same to be deposited with said corpora-
tion, and any executor, administrator, guardian or trustee, or
public officer having the control of any bonds, stocks, securities,
moneys or other valuables belonging to others, shall be and is
hereby authorized to deposit the same for safe keeping with

Authority to
receive on
deposit, etc.
valuables
of all kinds.