146 LAWS OF MARYLAND.
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CHAPTER 100.
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AN ACT to repeal and re-enact with an amendment section
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one hundred and seventy -one of article ninety-three of the
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Code of Public General Laws, title " Testamentary Law,"
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sub-title "Guardian and Ward," as repealed and re-en-
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acted by the acts of the General Assembly of Maryland,
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January session of eighteen hundred and ninety, chapter
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two hundred and eleven.
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SECTION 1. Be it enacted by the General Assembly of
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Repeal and
re-enact-
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Maryland, That section one hundred and seventy-one of
article ninety-three of the Code of Public General Laws,
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ment
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title "Testamentary Law," sub-title "Guardian and Ward,"
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as repealed and re-enacted by the acts of the General As-
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sembly of Maryland, January session of eighteen hundred
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and ninety, chapter two hundred and eleven, be and the same
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is hereby repealed and re-enacted so as to read as follows :
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SEC. 171. They shall order the guardian who has received
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from any trustee of a court of equity, any proceeds of real
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Guardian
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estate of his ward sold by such trustee, or the proceeds of
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to invest
by order of
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the sale of lease-hold estate of his ward, sold by order of the
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Orphans'
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Orphans' Court, or moneys belonging to his ward, to invest
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the same in mortgages on unimcumbered real estate, worth
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at least double the amount loaned, or such public stock,
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permanent funds, or other good securities, to be selected by
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said guardian as will yield the highest rate of interest that
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can reasonably be had, or they may when it is clearly for
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the benefit of the ward, order the same to be invested in
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land ; and the investment selected shall be reported to the
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court for its approval before becoming permanent, and the
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increase or surplus income of such investment, after what
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may be necessary for the maintainance and education of the
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ward, shall be invested in like manner under the direction
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and approval of the court, and no part of the principal shall
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be applied to the maintainance and education of the ward
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without the order and consent of the Orphans' Court first
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had and obtained.
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SEC. 2. And be it enacted, That this act shall take effect
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Effective.
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from the date of its passage.
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Approved March 16th, 1892.
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