216

LAWS OF MARYLAND.

shall be entitled to one vote for every share of stock held by
him; that no person shall be eligible as director who is not a
stockholder to the amount of twenty-five shares of stock.

Notice of
elections.

SEC. 4. And be it enacted, That ten days' notice shall be
given by publication in two daily newspapers published in the
city of Baltimore, of the time and place of said annual elec-
tion, and when a meeting shall be held in pursuance of such
notice it shall be organized and its proceedings shall be con-
ducted as may be prescribed by the by-laws of the company.

Dividends.

SED. 5. And be it enacted, That the directors shall have
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.

By laws.

SEC. 6. And le it enacted, That the president, vice presi-
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 cor-
poration as they may deem advantageous to the interests
thereof.

May execute
trusts of
every de-
scription.

SEC. 7. And be it enacted, That the said corporation be and
it 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, other than by last will,
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
(other than the Orphans' Court), or by the courts of the United
States, or of any of the States or Territories thereof; 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
corporation 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 ;
and the said corporation, as such receiver, trustee and assignee,