JOHN WALTER SMITH, ESQ., GOVERNOR.

777

concerning the same; to collect ground rents, interest on
mortgages, dividends and incomes of all kinds, and to have
the management and custody of all kinds of property, on
such terms as it may arrange.,

CHAP. 533.

SEC. 14. And be it enacted, That the said 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.

May act as
fiscal
or transfer
agent.

SEC. 15. And be it further enacted. That the ten days'
notice shall be given 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 conducted 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 to be
given
or election.

SEC. 16. And be it further enacted, That the directors
shall have power to declare such dividends of profits of the
said corporation as they may deem proper; provided, that no
dividends shall be declared when the capital stock would be
impaired thereby.

Dividends
declared.

SEC. 17. And, be it enacted, That the said corporation be
and the same is hereby authorized and empowered, either
solely or jointly, with one or more other sureties, to insure
and become surety for the fidelity of persons holding places
of trust or responsibility, public or private, in, to or under
the United States Government, or any colony, province or
dependency thereof, and in, to or under any foreign country
or government, or any colony, province, department, city or
county thereof; and to become surety, either solely or jointly,
with one or more other sureties for the faithful performance
of any trust, office, duty or contract to be discharged or per-
formed in any of the countries, or within any of the jurisdic-
tion aforesaid, and in all such cases, including those whereby
law, order, decree, rule or regulation, one or more sureties are
required upon any bond, recognizance or stipulation or for
the faithful performance of any trust, office, duty or contract;
the powers of said company shall embrace authority to
execute, either solely or jointly, with one or more other sure-
ties, any bond, recognizance, stipulation or contract having
relation thereto.
SEC. 18. And be it further enacted, That the said company
be and it is hereby authorized and empowered to sign, make
and execute bail bonds and recognizances, and generally to act

Authority
to insure the
fidelity of
persons hold-
ing places
of trust, etc.