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Proceedings of the Senate, 1892
Volume 400, Page 674   View pdf image (33K)
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674 JOURNAL OF PROCEEDINGS [Mar. 11,

Said bill, as amended, was read the second time,
and ordered to be engrossed for a third reading.

Senate bill entitled an Act to add an additional sec-
tion to Article 66, of the Code of Public General Laws
of Maryland, title. "Mortgages, " to be numbered sec-
tion 24, providing that the title to all promissory notes,
other instruments or debts by mortgages or deeds, in
the nature of a mortgage, shall from and after the
maturity of such notes or other negotiable instruments,
be conclusively presumed to be vested in the person
or persons, or body corporate holding the record title
to such mortgage or deed in the nature of a mortgage
and providing that if such mortgage or deed in the
nature of a mortgage be duly released of record, such
overdue promissory notes, other instruments or debts
shall be conclusively presumed to be paid.

With the following proposed amendments:
AMENDMENTS PROPOSED.

Amend by striking out all after the words "A Bill, "
and insert in lieu thereof, the following:

"Entitled an Act to add an additional section to
Article 66 of the Code of Public General Laws of Mary-
land, title "Mortgages, " to be numbered section 25,
providing that the title to all promissory notes, other
instruments hereafter made or debts hereafter con-
tracted secured by mortgage, or deeds in the nature of
a mortgage, shall from and after the maturity of such
promissory notes, other instruments or debts, be con-
clusively presumed to be vested in the person or per-
sons, or body corporate holding the record title to such
mortgage or deed in the nature of a mortgage, be duly
released of record, such overdue promissory note,
other instrument or debt, shall be conclusively pre-
sumed to be paid.

"Section 1. Be it enacted by the General Assembly
of Maryland, That an additional section be added to
Article 66, of the Code of Public General Laws of
Maryland, title "Mortgages, " to be numbered 25 and
to read as follows:

"25. The title to all promissory notes, other instru-
ments hereafter made and debts hereafter contracted,
secured by mortgage or deeds in the nature of a mort-

 

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Proceedings of the Senate, 1892
Volume 400, Page 674   View pdf image (33K)
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