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SEC. 4. And be it enacted, That ten days' notice shall be
given by publication in two daily newspapers, one published
in the city of Baltimore and one in Baltimore county, of
the time and place of said annual election; and when a
meeting shall be held in pursuance of such notice, it shall
be organized and its proceedings shall be conducted as may
be prescribed by the by-laws of the company.
SEC. 5. And be it enacted, That the directors shall have
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CHAP. 474
Notice of
election
given.
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power to declare such dividends of 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.
SEC. 6. And be it enacted, That the president, vice-presi-
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Dividends
declared.
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dent and directors of the corporation hereby created shall
have power to enact and adopt such rules, regulations and
by-laws for the government and management of the affairs of
said corporation as they may deem advantageous to the
interest thereof.
SEC. 7. And be it enacted, That the said corporation be
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Authority to
enact and
adopt rules,
etc.
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and is hereby authorized and empowered to accept and
execute as fully as a natural person trusts of any and every
description, which may be committed or transferred to it,
with its consent, by any person or persons whomsoever, by
last will or otherwise, and by bodies corporate or public,
upon such terms as may be agreed upon by and between the
said corporation, and said person, natural or corporate, or
by any court in the State of Maryland, or by the courts of
the United States or of any of the States or Territories
thereof, or by any orphans' court of any State or Territory
of the United States, and in all cases when application shall
be made to any court of this State for the appointment of
any receiver, trustee or assignee it shall and may be lawful
for such court to appoint the said corporation such receiver,
trustee or assignee, and the accounts of said corporation as
such receiver, trustee or assignee shall be regularly settled
before the court making such appointment, and upon such
settlement and adjustment all proper, legal and customary
charges, costs and expenses shall be allowed to said corpo-
ration for its care and management of the trusts and estate
aforesaid in accordance with the practice of the court so
appointing in the case of natural persons when so appointed ;
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Authority to
accept and
execute
trusts, etc.
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