JOHN WALTER SMITH, ESQ., GOVERNOR.

867

elections, a president and such vice-presidents as they may see
fit, and shall also have power to elect a secretary and treasurer,
who need not be one of their number, and said secretary and
treasurer may be one person; and to appoint and employ such
other officers, clerks and agents as the business of said com-
pany from time to time requires; all elections shall be by
ballot, and at such elections and at all meetings of the stock-
holders every stockholder shall be entitled to one vote for
every share of stock held by him, but no person shall be
eligible as director who is not a stockholder.

CHAP. 605.

SEC. 4. And be it enacted, That two weeks' notice shall be
given by publication in some newspaper published in Wicomico
county, Maryland, of the time and place of such annual meet-
ing for election, which election shall be conducted by three
stockholders to be named by the directors from the body of
stockholders, one of whom shall be designated as judge, and
the other two as inspectors.

Notice to be
given
of election.

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

Dividends
declared.

SEC. 6. And be it further enacted, That 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 or association, municipality or public authority,
on such terms as may be agreed upon; to deal in exchange,
foreign and domestic, and in every and in all descriptions of
property, personal effects, securities, mortgages, land, certifi-
cates of indebtedness, stocks of incorporated companies, notes,
warehouse receipts and bills of lading, loans on bonds of the
United States, or any city, county or municipality, or any
incorporated company or any individual.

Authority to
receive
money on
deposit, etc.

SEC. 7. And be it further enacted, That any and every
Court into which moneys may be paid or deposited by agree-
ment of parties, the order, judgment or decree of such Court
may order and direct the same to be deposited with said
company, and any individual or administrator, guardian or
committee, receiver, assignee, trustee, State, county or munici-
pal government or corporation or public officer, or any person
or persons acting for others, having the custody of any bonds,
stocks, securities, monies or valuables, shall be authorized to
deposit the same for safe keeping with the said company.
SEC. 8. And be it enacted, That said company may receive
upon storage, deposit, or otherwise, merchandise, specie, plate,

Receiver,
executor,
guardian, etc.
may deposit
bonds
and valuables
with said
company.