CHANCERY. 531

An. Code, sec. 229. 1904, sec. 214. 1904, ch. 563, sec. 198A.

244. 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 re-
mainders, vested of contingent, or an executory devise or devises, or any
other interest, vested or contingent, in the same land, on application 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 applica-
tion 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 interests in the said lands so mortgaged of all such persons,
whether in being or not.

Receiver's Bond.

An. Code, sec. 230. 1910, ch. 474 (p. 60).

245. 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 prob-
able 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, sec. 94.

As to the payment of the premium of the bond out of the estate Being admin-
istered, see art. 24, sec. 10.

Specific Performance.

An. Code, sec. 231. 1904, sec. 215. 1888, sec. 199. 1888, ch. 263.

246. 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 dam-
ages may be made, or shall give bond, with approved security, in a penalty
to be fixed by the court, to perform the contract or pay all such costs and
damages as may, in any court of competent jurisdiction, be adjudged against
him for breach or non-performance of such contract.