48 PRIVATE ACTS — CHARTERS.

SEC. 8. And be it enacted, That it shall be the duty of the Trustees
of said Seminary, out of the annual receipts of the School, to keep the
Seminary buildings and furniture insured against loss by fire, to the
amount now insured on the same, and also to keep the same, and the
grounds, inclosures and other premises, during the time or times herein-
before provided for the reimbursement of said debt, in good condition
and repair.

SEC. 9. And be it enacted, That at any time within the said period
of ten years, or at any time during the extension as hereinbefore pro-
vided, and upon application of two-thirds in amount of those who hold
said debt for reimbursement, the property of said Seminary, real and
personal, shall be sold by the Trustees thereof at public or private sale,
on cash and credit payments well secured and bearing interest, after at
least four weeks notice of the time, place and terms of sale, to be pub-
lished in the newspapers of Hagerstown, in one newspaper published in
the city of Baltimore, and in such other newspapers and mode as the
said Trustees may direct, and upon full payment of the purchase money
and interest thereon, the said corporation shall or the said Trustees may
convey the said property of said Seminary, real and personal, to a Trus-
tee or Trustees to be by him or them sold in the manner and for the
purpose aforesaid, convey said property to the purchaser or purchasers
thereof, the proceeds of said sales to be first applied to said debts in a
course of reimbursement as aforesaid; next to all other debts of said
Seminary, and any surplus shall be distributed, pro rata, among the
scholarship holders, and in case the said Trustees should not comply
with the demands of two-thirds in amount as aforesaid, the persons so
holding said debt may thereupon apply to the Circuit Court for Wash-
ington county, as a court of equity, by bill or petition, against said
Trustees as defendants, and none other, for a decree for such sale; and
upon a hearing and being satisfied of a refusal by said Trustees to com-
ply, or should not convey to a Trustee or Trustees as aforesaid, the said
court shall thereupon decree a sale of the said property upon the terms
hereinbefore provided, and appoint a Trustee or Trustees to make said
sale, who shall be entitled to the usual chancery commissions, and the
proceeds of sale, after paying commissions, costs of suit and Trustees'
proper expenses, shall be applied as hereinbefore in this section pro-
vided.

SEC. 10. And be it enacted, That in case the number of persons can-
not be procured to pay off or assume the payment of said debts of said
Seminary, as provided in the first section of this act, within the period
of twelve months from and after the acceptance by the scholarship hold-
ers of this act as hereinafter provided, then the Trustees of said Semi-
nary shall proceed to sell and convey the property of the same, real and
personal, or convey to a Trustee or Trustees to be sold as provided in
the preceding section, the proceeds to be applied rateably to all the
debts of said Seminary of whatever kind; with a like power in the Cir-
cuit Court of Washington county, as a court of equity, upon refusal to
decree a sale of the same, upon the application of any creditor of said