896

LAWS OF MARYLAND.

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. ,

Dividends
declared.

SEC. 5. 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 divi-
dend shall be declared when the capital stock would be im-
paired thereby.
SEC. 6. And be it further enacted. That the directors of

Certain
powers
granted.

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 interests thereof; provided, the same
be not contrary to law.
SEC. 7. And be it further enacted, That the said corpora-

Accept and
execute
trusts.

tion be and is hereby authorized 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, bodies corporate or public ;
or by any court in the State of Maryland, or in any one of the
United States, or by the courts of the United States, and to
accept the office and appointment of executors or administra-
tors of any kind or nature, wherever such office or appointment
is conferred or made by any person or persons, or by any
orphans' court or other court, either of this State or any one
of the United States, and that in all cases where application
shall be made to any court of thig State for the appointment
of any receiver, trustee, administrator, executor, assignee, guar-
dian of any minors or committee of a lunatic, it shall and may
be lawful for such court to appoint the said corporation, with
its assent, such receiver, trustee, administrator, assignee, guar-
dian or committee, and the accounts of said corporation as
such receiver, trustee, administrator, executor, assignee, guar-
dian or committee, shall be regularly settled before the court
making such appointment, and upon such settlement and adjust-
ment, all proper, legal and customary charges, costs and
expenses shall be allowed to said corporation for its care and
management of the trusts and estates 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, administrator, executor, assignee, guar-
dian or committee, shall be subject to all lawful orders or
decrees made by the said court.