068

LAWS OF MARYLAND.

Dividends
declared.

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

SEC. 6. And be it enacted, That said company shall have

Certain
powers
granted.

power to receive money on deposit, to act as agent for all per-
sons or corporations which may engage in the sale, purchase,
exchange or mortgage of real or personal property, and to
make agreements, consistent with law, with persons or corpo-
rations, as the board of directors in their discretion might deter-
mine ; to deal in every and all descriptions of properties, per-
sonal effects, securities, mortgages, land, certificates of indebt-
edness, stocks of incorporated companies, notes, loans on bonds
of the United States, or of any city, county or municipality, or
of any incorporated company, or any individual.
SEC. 7. And be it enacted, That the said company be and it

Accept and
execute
trusts.

is hereby authorized to accept and execute trusts of any and
every description which may be committed or transferred with
its consent to it, 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, and to accept the office and
appointment of executors or administrators of any kind or
nature, whenever 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 of the United States ; and
that in all cases where application shall be made by any court
in this State for the appointment of any receiver, trustee,
administrator, executor, assignee, guardian of any minors or
committee of a lunatic, it shall and may be lawful for such
court, if it shall think fit, to appoint "The Old Line Real
Estate and Trust Company of Baltimore City," with their
assent, such receiver, trustee, administrator, assignee, guardian
or committee; and the accounts of said company as such
receiver, trustee, administrator, executor, assignee, guardian or
committee shall be regularly settled and adjusted before the
tribunal making said appointment, and upon such settlement
and adjustment all proper legal and customary charges, costs
and expenses shall be allowed to said company for their care
and management of the trusts and estates aforesaid, and the
said company as such receiver, trustee, administrator, executor,
assignee, guardian or committee, shall be subject to all orders
or decrees made by the proper tribunal under the laws of this
State. -