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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 655   View pdf image (33K)
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ART. 93.] TESTAMENTARY LAW. 655

169. The Orphans' Court may order the location, sale, transfer
or assignment of any bounty land warrant issued by the Govern-
ment of the United States or descended to any infant heir or
heirs in this State of deceased soldiers, under the age of twenty-
one years, to be made by the guardians of such minor heirs,
pursuant to the laws and regulations of the United States, as
fully and effectually as can be done by adult holders of bounty
land warrants; which sale, transfer or assignment shall vest in
the purchasers of such bounty land warrants, all right, title,
claim and interest of the said infant owners thereof, either at law
or in equity, in and to the same; and the money arising from
such sale shall be accounted for by said guardians in the Orphans'
Court ordering such sale or transfer.

170. And for the purpose of effecting the location, sale, transfer
or assignment of bounty land warrants under the preceding
section, held by female infants between the age of eighteen and
twenty-one years, the Orphans' Courts may, in such cases, ap-
point guardians to such female infants.

171. They shall order a guardian who has received from any
trustee of a court of equity any proceeds of real estate of his
ward sold by such trustee, to invest the same in such public
stocks or permanent funds as will at least net six per centum per
annum; and the surplus interest of such investment, after what
may be necessary for the maintenance and education of the ward,
shall be invested in like manner, under the direction of the court,
and no part of'the principal shall be applied to the mainten-
ance or education of the ward, unless a court of equity shall so
direct.

172. All moneys invested under the preceding section, shall be
invested in the name of the ward, and shall be transferable only
under the order of the Orphans' Court, and all transfers without
such order shall be void.

173. No guardian shall sell any property of his ward without
an order of the Orphans' Court approving the bond of such
guardian being first had and obtained; and any sale or removal
without an order of court previously had, shall be void, and no
title shall pass thereby to the purchaser, and his guardianship
may be revoked, and the same proceedings relative thereto shall
be had as are prescribed herein in regard to sales made by
administrators without such order.

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 655   View pdf image (33K)
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