JOHN WALTER SMITH, ESQ., GOVERNOR.

805

the general annual meeting of the stockholders and of the
election of the directors of the same as above referred to.

CHAP. 554.

SEC. 5. And be it enacted, That the directors shall have
power to declare such dividends out of the profits of said com-
pany as they may deem proper; provided, that no dividends
shall be declared when the capital stock shall be imperiled
thereby. The directors shall also have power to require pay-
ment from each and every stockholder of the amounts remain-
ing unpaid on the stock of the company held by such stock-
holders at such times as they may think proper.

Dividends
declared.

SEC. 6. And be it enacted, That the said company shall
have and enjoy all the general powers, provisions and priv-
ileges, and be subject to the general regulations contained in
Article 23 of the Code of Public General Laws of Maryland,
the said Article known also as the Article providing for the
formation, powers and regulation of corporations so far as the
same may not be inconsistent or in conflict with the special
or general regulations or provisions, powers, privileges, rights
and advantages conferred or intended to be conferred by this
Act.

Certain
privileges
granted.

SEC. 7. And be it enacted, That the corporation hereby
formed shall have power and it is hereby authorized to hold
and conduct from time to time an exposition or expositions
of arts, industries, manufactures and the products of the
forest, mines and seas, to fix admission fees and dispose of
privileges of every character upon its grounds, to establish
and maintain hotels, restaurants, amusements and entertain-
ments, which the board of directors may deem proper; to lay
tracks, run cars and establish an electric lighting plant upon
its grounds for the purpose of supplying its own needs, and to
allot space for exhibits, prepare a classification of exhibits,
determine the plans and scope of the exhibition or exhibitions,
and appoint judges and examiners therefor, and award pre-
miums, if any.

Authority to
hold and
conduct an
exposition,
etc.

SEC. 8. And be it enacted, That the president and directors
of the said corporation, or a majority of them, shall have
power to make and adopt, alter and amend such by-laws, rules
and regulations for the direction and management of said
company as may be in their judgment from time to time
necessary for the purposes of said corporation; provided, they
are not inconsistent with the laws of the land and the provis-
ions of the charter; and they shall have power to employ all
such agents and servants as in their judgment may be necessary
to carry into effect the objects for which this corporation is
formed.

May make
laws
and alter or
amend
by-laws, etc.