ART. 16] RECEIVER'S BOND—SPECIFIC PERFORMANCE. 431

1904, art. 16. sec. 214. 1904, ch. 563, sec. 198 A.

229. In all cases where one or more persons is or are entitled to an
estate for life or years, or to an estate tail, fee simple, conditional, base
or qualified fee, or any other particular limited or conditional estate in
lands, and any person or persons is or are entitled to a remainder or
remainders, vested or contingent, or an executory devise or devises,
or any other interest, vested or contingent, in the same land, on applica-
tion of any of the parties in interest in a court of equity, if all the
parties in being are parties to the proceeding, and if it shall appear to
be advantageous to the parties concerned, may decree a conveyance of
the same by way of mortgage, and shall direct the investment or other
disposition or application of the proceeds of such mortgage so as to
inure to the use and benefit of the same parties who would be entitled
by the original grant to the lands so mortgaged; and all such decrees,
if all the persons are parties who would be entitled, if the contingency
had happened at the date of the decree, shall bind all persons, whether
in being or not, who claim or may claim any interest in said land under
any of the parties to said decree or under any person from whom any
of the parties to such decree claim, or from or under or by the original
deed or will by which such particular limited or conditional estate, with
remainders or executory devises were created and the said mortgages
executed in pursuance of such decrees shall bind the estates and inter-
ests in the said lands so mortgaged of all such persons, whether in being
or not.

Receiver's Bond.

1910, ch. 747 (p. 60).

230. Whenever a receiver shall be required to give bond in any
court and the surety upon the bond is a corporation authorized by the
laws of this State to qualify as such, the amount of the penalty of the
bond so required shall be fixed by the court in an amount not exceeding
the probable value of the property and assets of the estate for which the
said receiver should account and be liable for according to law, and
nothing herein shall prevent the court from increasing the penalty of
the bond to such an amount, as may be proper, for sufficient cause
shown.

As to receivers appointed to wind up a corporation, see art. 23. see. 79.
As to the payment of the premium of the bond out of the estate being
administered, see art. 24, sec. 10.

Specific Performance.

1904, art. 16. sec. 215. 188S, art. 16. sec. 199. 1888. ch. 263.

231. No court shall refuse to specifically enforce a contract on the
mere ground that the party seeking its enforcement has an adequate
remedy in damages, unless the party resisting its specific enforcement
shall show to the court's satisfaction that he has property from which
such damages may be made, or shall give bond, with approved security,