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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 2, Page 502   View pdf image (33K)
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502 HIGH COURT OF CHANCERY.
any money, it was as stock in said corporation. He admits
the erection of a building as described in the deed and its said
use, for at least seven years after its completion, and up to the
time of the sale to respondent. He denies that any profits
arose from such occupation, or that any demands within the
purport of said deed have ever become due or payable. He
also admits the rendition of the judgment in favor of said
Jennings for the use of respondent, and the levy upon, sale,
and purchase by him of said property, and submits that for the
reasons assigned by his co-defendants in; their answer, the .said
complainants have no right of redress.
THE CHANCELLOR :
This case which has been argued by counsel on both sides,
has been considered by the court. Its decision must depend
upon the construction of the deed of the 24th of July, 1835,
between the Washington Medical College of Baltimore of the
one part, and Charles F. Mayer and others of the other part.
By that deed, the Washington Medical College, which had
been incorporated by an act passed in the year 1832, ch. 189,
conveyed to the grantees, a leasehold interest in a lot or par-
cel of ground in the city of Baltimore, held under a deed, to
the .grantor from one George Williamson, subject to a ground
rent of one hundred and fifty dollars per annum. It recites
that "towards the erecting a building to be called the Wash-
ington Medical College of Baltimore on said ground the sum
of fifty thousand dollars in various amounts, has been engaged,
and agreed by sundry persons to be contributed, which per-
sons shall be identified by being the owners of the certifcates
hereinafter mentioned. And that the Washington Medical
College of Baltimore have agreed with said persons, that they
shall severally and respectively, be secured as hereinafter
stated, the payment and receipt of dividends arising on the
amounts of their respective contributions, in semi-annual pay-
ments, on the first of January and July respectively, in every
year, &c., and that the reimbursement of the principal of said
contributed amounts, has also, by the party of the first part,

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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 2, Page 502   View pdf image (33K)
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