Part 1 – Acceptance of Property

The Mayor of the City of Baltimore is hereby authorized and directed to accept from the Safe Deposit and Trust Company of Baltimore, executor under the last will and testament of Henry Walters, late of Baltimore City, deceased, all property and funds which the said executor is required to convey, transfer and pay over to the Mayor and City of Baltimore under the terms and provisions of said last will and testament; and the Mayor of the City of Baltimore is hereby further authorized and directed to give to said executor receipts and releases, adequate in form and substance, for each property and funds so conveyed, transferred, and paid over.

The Walters Art Gallery and the property at 5 West Mount Vernon Place, and the contents of the buildings, shall be used for the benefit of the public, as directed by Item 2 of said last will and testament; and the income from the endowment fund created under paragraph C of Item 3 of said last will and testament shall be used for the purpose of maintaining the Walters Art Gallery for the benefit of the public.