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Clement Dorsey. The general public statutory law and public local law of the state of Maryland : from the year 1692 to 1839 inclusive, with annotations thereto,and a copious index.
Volume 141, Page 2526   View pdf image (33K)
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2526 INDEX TO THE [CHANCERY.

SEC. 2. And be it enacted, That before any person shall be enti-
tled to act in virtue of the authority vested by the preceding sec-
tion, he or she shall give bond to the state of Maryland, in such
penalty, and with such security, as shall be approved by a judge
of Baltimore county court, or the clerk thereof, to abide by and ful-
fil any order or decree which shall be made by Baltimore county
court in relation to the sale of such mortgaged property, or the pro-
ceeds thereof, and such bond shall be and remain as an indemnity
to, and for the security of, all persons interested in such mortgaged
property, or the proceeds thereof, and be subject to be sued as other
bonds taken in the name of the state are, and also subject to the
same disabilities and limitation as such other bonds.

SEC. 3. And be it enacted, That every person making sale of
mortgaged property under the authority of this act, shall make a
report, under oath, or affirmation, of the mode of their proceeding,
and of all matters done in pursuance of such authority, and of the
fairness of the sale, within fifteen days after such sale, to Baltimore
county court, and file such report among the records of said court
within said time.

SEC. 4. And be it enacted. That upon a copy of such report be-
ing published in at least two of the duily newspapers printed in
the city of Baltimore, once a week for three successive weeks, and
proof thereof being certified by the publishers of such newspapers
to the said court, or to any judge thereof, the sale of such mort-
gaged estate or interest may be affirmed by said court or judge, and
the party selling the same, on the terms of sale being complied
with, shall execute a deed therefor according to law, to the pur-
chaser or purchasers, his, her, or their heirs or assigns, and such
deed shall entitle the said purchaser or purchasers, or his, her, or
their heirs, executors, administrators, or assigns, as the case may be,
to hold, possess and enjoy, such mortgaged estate or interest, so sold
and conveyed, freed, clear, and forever discharged from all claims
of the several parties to the deed of mortgage in virtue of which
the same shall have been mortgaged and sold, who at the time of
executing such deed of mortgage, were or shall be competent to ex-
ecute such deed, and of all persons claiming by, from, under, or
in trust, for them, or any of them, any right, title, estate or interest,
in such mortgaged premises, derived or accruing after the time of
recording such deed of mortgage.

Sec. 5. And be it enacted, That all persons interested in such
mortgaged property, may, at any time within twenty days after the
sale thereof as aforesaid, file the reasons if any exist, why the said
sale should not be affirmed, or their claim to the proceeds of such
property, or a part thereof, the matters of fact whereof may be con-
troverted by the party selling such property, or by any person in-

 

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Clement Dorsey. The general public statutory law and public local law of the state of Maryland : from the year 1692 to 1839 inclusive, with annotations thereto,and a copious index.
Volume 141, Page 2526   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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