536                                        LAWS OF MARYLAND                            [Ch.

EFFECTUATE THE PURPOSE OF THE TRUST;

(9)    DELEGATE ANY OF THE POWERS CONFERRED TO ANY
ONE OR MORE OF THE TRUSTEES OR THE DIRECTOR OF THE
TRUST; AND

(10)    REPORT ANNUALLY TO THE GOVERNOR AND THE
GENERAL ASSEMBLY ITS ACTIVITIES DURING THE PRECEDING
YEAR TOGETHER WITH ANY RECOMMENDATIONS OR REQUESTS
DEEMED APPROPRIATE TO FURTHER THE PURPOSES OF THE
TRUST.

REVISOR'S NOTE: This section presently appears as
Article 41, section 181P (a) through (j),
inclusive, of the Code. In paragraph 4,
the words "inter vivos or testamentary,
grant, legacy, bequest, devises, or
endowment" are proposed for deletion as
superfluous and included within the plain
meaning of the word "gift". It is intended
the provisions of paragraph (4) are subject
to Article 15A, section 5. The only other
changes made are in style.

3-204. CHAIRMAN OF TRUSTEES; MEETINGS; QUORUM;
ADVISORY COUNCIL.

THE TRUSTEES SHALL ELECT FROM AMONG THE ELECTED
MEMBERSHIP A CHAIRMAN, SECRETARY, AND OTHER OFFICERS
AS THEY DETERMINE. THE TRUSTEES SHALL MEET AT LEAST
TWICE A YEAR AT PLACES AND ON DATES THEY DETERMINE.
THE CHAIRMAN MAY CALL OTHER MEETINGS, AND MUST CALL
ONE AT THE REQUEST OF FOUR OR MORE TRUSTEES. THE
SECRETARY SHALL NOTIFY IN WRITING EVERY TRUSTEE OF THE
TIME AND PLACE OF EVERY MEETING AT LEAST SEVEN DAYS IN
ADVANCE OF THE MEETING, EXCEPT THAT MEETINGS MAY BE
HELD ON SHORTER NOTICE 17 ALL TRUSTEES AGREE. EIGHT
TRUSTEES CONSTITUTE A QUORUM TO CONDUCT BUSINESS. IF
AT ANY TIME THERE IS NO DIRECTOR, THE CHAIRMAN SHALL
ASSUME THE DIRECTOR'S DUTIES AND POWERS. THE CHAIRMAN
WITH THE CONSENT OF THE TRUSTEES MAY APPOINT AN
ADVISORY COUNCIL.

REVISOR'S NOTE: This section presently appears as
Article 41, section 181Q of the Code. The
only changes made are in style.

3-205. DIRECTOR AND OTHER EMPLOYEES.

THE TRUSTEES MAY APPOINT A DIRECTOR OF THE TRUST
TO ADMINISTER ITS ACTIVITIES SUBJECT TO THE TRUSTEES'