ART. 81.] REVENUE AND TAXES. 579

trust estate, and with surety to be approved by the clerk, condi-
tioned for the faithful performance of the trust by the deed or
other instrument reposed in such trustee, which bond shall be
recorded in the office of said clerk; but where the sale is to be
on a contingency, no bond need be given until the contingency
happens.

117. Where, upon an investigation of the circumstances of the
case, the Circuit Court of the county, or Circuit Court or Supe-
rior Court of Baltimore city, shall be satisfied that it would be
improper to require a bond to be given for double the amount of
the property placed in the hands, or made subject to the disposi-
tion of said trustee, the court may prescribe the amount of the
bond to be given by such trustee.

118. If any trustee shall fail or refuse to give such bond for
the space of three months after the deed or instrument creating
the trust is deposited with the clerk to be recorded, the clerk
shall give notice thereof to the court of which he is clerk, or to
the judge thereof, who, upon consideration of the circumstances,
and upon such reasonable notice to the trustee and such of the
parties interested as may conveniently be served therewith, as
the court or judge shall prescribe, shall proceed to appoint an-
other trustee in lieu of the trustee who shall have failed or
refused.

119. Upon the trustee so appointed by the court or judge
giving bond as before directed, the whole trust estate shall vest
in him, subject to the provisions of the trust deed, or other in-
strument creating the trust, and the same power may be ex-
ercised by the court or judge, from time to time, until a trustee
shall be appointed and give bond.

120. If the trust is not administered and settled in any of
the courts of this State, it shall be the duty of the trustee
within six months from the period of his giving bond, to make
report upon oath to the court in which the bond is filed, of the
whole amount of the trust estate, and the amount of the com-
mission or compensation which may be allowed him either by
the deed or other instrument, or in any other way, and so from
time to time as further commission or compensation shall be
allowed him, and such commission or compensation shall be
subject to the tax aforesaid.