356

LAWS OF MARYLAND.

other property as aforesaid belonging to the party or

parties by or from whom said charges, expenses, loans,

advances, commissions and interest may be due or

accruing, which may be in the custody or possession

of the said company, or to which it may have the

right of possession; and if the said charges, expenses,

advances, loans, commissions and interest, or any of

them, or any part of any of them, shall remain unpaid.

when the same are or is payable, or if there is or has

been any breach of any of the terms of any contract

or agreement made as to any such loans or advances,

or in relation to any of the particulars hereinbefore

mentioned, the said goods,wares, merchandise, property,

evidences of debt, stock or other property as aforesaid,

or so much thereof as may be sufficient to satisfy

the amount of said charges, advances, expenses, corn-

Sold at public

missions and interest may be sold for cash at public

auction.

auction, in one or more lots or parcels, on one or more

days, or in such manner and upon such terms as may

have been agreed upon in writing between the parties,

but in the absence of any agreement in relation to the

notice of the time and place of such sale or sales, ten

days' notice, at least, of the time and place of such sale

or sales shall be given in at least two of the daily news-

papers published in the city of Baltimore, except in

cases when such sale or sales having been once adver-

tised, has or have been postponed or deferred, in which

case notice shall be given of such deferred sale or sales

at least twice for one week in one daily newspaper

as aforesaid, until the day or days of sale, and on said

day or days of sale, and after making such sale or sales,

and receiving the proceeds thereof, the said company,

after satisfying the amount of its claim or claims as

aforesaid, and all costs and expenses of such sale or

Retain residue

sales, may retain the residue until the whole account

between the parties is closed, or if the same can be

closed, shall forthwith close the same and pay over the

residue, if any, to the party or parties entitled to re-

ceive the same, and at any such sale it shall be lawful

for the said company to become the purchaser of the

property so sold or any part thereof.

SEC. 8. And be it enacted, That nothing in this act

contained shall be so construed as to authorize said com-

How construed.

pany to issue any scrip or other evidence of debt, to

pass as currency, or to exercise any banking privileges.