Volume 200, Volume 3, Page 314 View pdf image (33K) |
314 HIGH COURT OF CHANCERY. is, that on the guardian's executing the bond required of him, the Orphans Court shall have power to order the property of the ward to be delivered to him. The Court then, in this case, might have ordered Shepherd, the administrator, to deliver to George McNeir, the guardian, the property of the ward. But this, it seems, the administrator did, so far as this mortgage or the money borrowed upon it is concerned, without the order, and the Court, by passing the accounts of the guardian from time to time, in which this mortgage was introduced, and treated as in his hands as part of the estate of his ward, have given their sanction to it as effectually as if they had previously or- dered it. The question in reference to this loan is not whether the administrator could legally dispose of the estate of his intes- tate, there being a duly qualified guardian to whose ward the surplus belonged, but whether the administrator shall be held responsible for making such a loan, when the guardian himself urges him to make it, and agrees and actually does receive from him the security as a part of the estate of the ward, and the Orphans Court, by repeated acts of recognition, give their entire sanction and approbation to it. This loan, in my view of it from the evidence, was the act of the guardian and not of the administrator, and the Orphans Court having approved of it, the question of the power of the administrator does not arise. There can be no doubt, I suppose, that the guardian under the direction of the Orphans Court might make such a loan. The authority may be found in various Acts of Assembly. The 13th section of the 12th sub-chapter of the Act of 1798, ch. 101, confers full authority upon the Court, though the bond to be taken for the money loaned should be taken to tha ward. This, however, is a matter of form, and could hardly have the effect to vitiate the security, if not followed. The Act of 1816, ch. 154, is applicable to the proceeds of the sales of the real estate of minors, and gives power to the Orphans Courts to order and direct such proceeds to be in- vested by their guardians in public stocks, or other permanent |
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Volume 200, Volume 3, Page 314 View pdf image (33K) |
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