The Trustees of the Walters Art Gallery are created as a body corporate, as provided in Chapter 217, Laws of Maryland 1933. City Code, 1950, art. 2, §5(part) 1966, art. 18, §5(part) 1976/83, art. 18, §5 Ord. 33-400 Ord. 99-526

The Trustees comprise:the Mayor of Baltimore; the President of the City Council of Baltimore; a representative of the Safe Deposit and Trust Company, trustee under the last will and testament of Henry Walters, to be selected by that company; and no less than 6 nor more than 40 elected members, as the Bylaws of the Trustees specify. The term of an elected member is 3 years. The terms of the elected members are staggered as required by the terms for members as of May 30, 1996. On expiration of the term of an elected member, a successor is to be elected by the remaining Trustees. Elected members are eligible to succeed themselves. Any vacancy is to be filled by the remaining Trustees for the remainder of the term in which the vacancy occurs. The officers of the Trustees are as provided in Chapter 217, Laws of Maryland 1933. The Trustees receive no compensation for the performance of their duties. City Code, 1950, art. 2, §§6(part), 9(part), 11(I), 13(part), 14(part) 1966, art. 18, §§6(part), 9(part), 11(I), 13(part), 14(part) 1976/83, art. 18, §6 Ord. 33-400 Ord. 33-468 Ord. 38-691 Ord. 45-203 Ord. 50-1084 Ord. 96-016 Ord. 99-526

The Trustees have the powers and duties provided in Chapter 217, Laws of Maryland 1933, and this section. The Trustees shall have full and complete control over the property and funds given to the City of Baltimore by Henry Walters, as the agency through which the directions and intent of the donor are to be obeyed and his objects realized. The Trustees may use the Walters Art Gallery and the property at 5 West Mount Vernon Place, together with the contents of those buildings, only for the benefit of the public, as directed in Item 2 of the last will and testament of Henry Walters. The Safe Deposit and Trust Company is directed to pay the income from the trust fund created under Item C.3 of the last will and testament of Henry Walters to the Trustees of Walters Art Gallery, in quarterly installments, and the Trustees of Walters Art Gallery is appointed agent of the Mayor and City Council of Baltimore to receive those payments. Any payment of income by the Safe Deposit and Trust Company to the Trustees is deemed a payment to the Mayor and City Council of Baltimore, and the Safe Deposit and Trust Company is released, acquitted, and discharged of all responsibility and liability for the income so paid to the Trustees. The Trustees may receive and expend this income for the purpose of maintaining the Walters Art Gallery for the benefit of the public, including the acquisition and improvement of property incidental to the purposes of the last will and testament. The Trustees may expend for the same purposes any funds derived from selling any of the contents of Walters Art Gallery or of the property at 5 West Mount Vernon Place found not to be of museum value or interest. City Code, 1950, art. 2, §§4(part), 5(part), 10(part) 1966, art. 18, §§4(part), 5(part), 10(part) 1976/83, art. 18, §7 Ord. 33-400 Ord. 33-468 Ord. 76-053 Ord. 99-526

As soon as convenient after January 1 of each year, but not later than March 15, the Trustees of Walters Art Gallery shall submit a report of the activities and operations of Walters Art Gallery to the Board of Estimates and each member of the City Council. City Code, 1950, art. 2, §12 1966, art. 18, §12 1976/83, art. 18, §8 Ord. 33-468 Ord. 99-526

As a testimonial to the generosity and public spirit of the late Henry Walters, the gallery shall be known in perpetuity as “Walters Art Gallery”. The gallery may not, at any time, be merged or consolidated with any other institution. City Code, 1950, art. 2, §11(V)(part) 1966, art. 18, §11(V)(part) 1976/83, art. 18, §9 Ord. 33-468 Ord. 50-1084 Ord. 99-526

The Trustees may not sell or otherwise dispose of any work of art without the consent of the Mayor and City Council of Baltimore. Objects of art owned by the Walters Art Gallery may be loaned to or exhibited in any other institution without the approval of the Mayor and City Council. However, the Trustees must provide notice of any loan or exhibition to the Mayor and City Council of Baltimore and the Board of Estimates of Baltimore City. City Code, 1950, art. 2, §§10(part), 11(V)(part) 1966, art. 18, §§10(part), 11(V)(part) 1976/83, art. 18, §10 Ord. 33-468 Ord. 50-1084 Ord. 99-526

No amendment to the Act of Incorporation (Chapter 217, Laws of Maryland 1933) may be accepted or observed by the Trustees of Walters Art Gallery without the consent of the Mayor and City Council of Baltimore. A copy of the bylaws of the corporation and any amendments to the bylaws, as adopted from time to time, shall be filed with the Department of Legislative Reference and accessible at all times to the public. City Code, 1950, art. 2, §11(II), (IV) 1966, art. 18, §11(II), (IV) 1976/83, art. 18, §11 Ord. 33-468 Ord. 50-1084 Ord. 99-526