504 CITY OF BALTIMORE. [ART. 4.
P. L L , (1860,) art. 4, sec. 791.
701. The said court may, at its discretion, from time to time,
appoint any other trustee or trustees in place of those appointed
by the decree; and the proceeds of such sales shall be accounted
for to, and distributed by said court, in the manner usual in
cases of sales under decrees of said court.
Ibid. sec. 792.
702. Any mortgagee of property in the city of Baltimore, his
assignee or executor, where a power to sell is contained in the
mortgage, may proceed under article 66 of the public general laws,
title " Mortgages," but notices of sale under such power shall be
published in two daily newspapers in said city for the period re-
quired by law.
1864, ch. 124.
703. Where a default of the mortgagors has taken place before
the said conveyances have been submitted to the circuit court of
Baltimore city, it shall, nevertheless, be the duty of said court, upon
the submission of the said conveyances to such court, after the
said default, to forthwith decree that the mortgaged premises
shall be sold on such terms of sale as to the said court shall seem
proper, and to appoint by said decree a trustee or trustees to
make such sale, requiring bond and security for the performance
of the trust, as is usual in the case of the sale of mortgaged
premises; and the said trustee or trustees may sell the same
agreeably to the terms of the said decree; but before each sale
the mortgagee or mortgagees, or some of the mortgagees, or the
executor or administrator of a deceased mortgagee, or the assignee
or assignees of the mortgagee, or one of such assignees, or the
executor or administrator of a deceased assignee, shall file in the
court in which the said proceedings are pending, a statement of
the amount of the said mortgage claim remaining due, verifying
the same by the oath or affirmation of the party filing the same;
and the said affidavit or affirmation may be made before any of
the persons mentioned in section 693 of this sub-title of this arti-
ticle, and the same shall be authenticated as provided for in said
section 693.
1864, ch. 124.
704. The provisions of sections 694-701, inclusive, of this
sub-title of this article shall apply to all the proceedings under
the preceding section.
|
 |