JOSEPH KENT, ESQUIRE, GOVERNOR.

182?

or objects of such meeting; and the resolutions of stockhol-
ders, owners of a majority of all the shares of the company's
capital stock, in a general meeting assembled, shall at all times
be binding on the company, and their president and directors,
if not inconsistent with law and the provisions of this act.

CHAP. 69,

SEC. 12. And be it enacted, That this act shall continue and
be in force for the term of fifteen years, and until the end of
the next session of the General Assembly which shall happen
thereafter, and no longer.

Limitation 15 years

CHAPTER ro.

A further additional supplement to the act, entitled an act for
the relief of sundry Insolvent Debtors

Passed February 14

1828,

SECTION. 1. Be it enacted by the General Assembly of Ma-
ryland, That from and after the passage of this act, it shall be
the duty of any county court, or of any judge of any county
court, or of any justice of the orphans' court, to whom appli-
cation may be made for the benefit of the insolvent laws of
this state, by any person or persons having resided in this
state two years next preceding the application, immediately
thereupon, to appoint a trustee for the benefit of the creditors
of the said applicant or applicants, and the county court,
judge or justice, as the case may be, shall not grant a per-
sonal discharge to the said applicant or applicants, until the
trustee, so appointed as aforesaid shall give bond, with secu-
rity to be approved, to the state of Maryland, in such penal-
-ty as the said court, judge or justice, may prescribe, 'condi-
tioned for the faithful discharge of his trast; and until the
said applicant or applicants shall execute to the said trustee,
a good and sufficient deed of conveyance, for all his estate,
real, personal and mixed, (the necessary wearing apparel, and
bedding of himself or themselves, and his, or their families
excepted,) for the benefit of the creditors of: the said appli-
cant or applicants; and until the trustee so appointed, shall
certify in writing, to the said county court, judge or justice,
as the case may be, that he is in possession of all the estate of
the applicant or applicants, mentioned in his or their sche-
dule.

Trustee to be ap-
pointed, and bond
—and certify be
has the insolvents
property in posses-
sion.

SEC, 2. And be it enacted. That the said trustee, so ap-
pointed as aforesaid, shall have power and authority, in .his
own name, or in the name or names of such applicant or ap-
plicants, to sue for and collect, all debts and demands, due
and owing to the said applicant or applicants, and to give
and execute receipts, acquittances, or releases for the same.

Trustee empower-
ed to collect.

SEC. 3. And be it enacted. That it shall be the duty of the
said trustee, upon such notice and terms as may be prescrib-
ed by the said county coart, judge or justice, granting a per-
sonal discharge to the said applicant or applicants, to sell and
dispose of, at public auction, all the said estate, real, personal

Trustee to sell pro-
perty and distri-

bute proceeds