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The Maryland Code, Public General Laws, 1888
Volume 389, Page 1370   View pdf image
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1370 TESTAMENTARY LAW. [ART. 93.

P. G. L., (1860,) art. 93, sec. 169. 1856, ch. 826, sec. 1.

169. The orphans' court may order the location, sale, transfer
or assignment of any bounty land warrant issued by the govern-
ment of the United States or descended to any infant heir or heirs
in this State, of deceased soldiers, under the age of twenty-one
years, to be made by the guardians of such minor heirs, pursuant
to the laws and regulations of the United States, as fully and ef-
fectually as can be done by adult holders of bounty land warrants;
which sale, transfer or assignment shall vest in the purchasers of
such bounty land warrants all right, title, claim and interest of the
said infant owners thereof, either at law or in equity, in and to
the same; and the money arising from such sale shall be accounted
for by said guardians in the orphans' court ordering such sale or
transfer.

Ibid, sec 170 1856, ch 326, sec 2.

170. For the purpose of effecting the location, sale, trans-
fer -or assignment of bounty land warrants under the preceding
section, held by female infants between the age of eighteen and
twenty-one years, the orphans' courts may in such cases appoint-
guardians to such female infants.

Ibid. sec. 171. 1816, ch. 154. 1872, ch. 403. 1882, ch. 384. 1886, ch. 231.

171. They shall order the guardian who has received from any
trustee of a court of equity any proceeds of real estate of his ward
sold by such trustee, or the proceeds of the sale of leasehold estate
of his ward sold by order of the orphans' court, or moneys belong-
ing to his ward, to invest the same in mortgages on unencumbered
real estate worth at least double the amount loaned, or such public
stocks, permanent funds, or other good securities, to be selected
by the said guardian, as will yield the highest rate of interest that
can be reasonably had; and said investment shall be reported to
the court for its approval before becoming permanent; and the
increase or surplus interest of such investment, after what may be
necessary for the maintenance and education of the ward, shall be
invested in like manner under the direction and approval of the
court; and no part of the principal shall be applied to the main-
tenance and education of the ward when said principal consists
of the proceeds of sale of real estate by a trustee, unless a court of
equity shall so direct; nor in other cases shall the principal be so

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 1370   View pdf image
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