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Session Laws, 1865
Volume 530, Page 250   View pdf image
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S50

LAWS OF MARYLAND.

being shown to the said court, that the major part
in number of the holders of said certificates desire
a sale of said lands to be made, and that a sale
thereof will be of advantage to all parties inter-
ested therein, to pass a decree authorizing and
empowering the said trustees or their survivors or
survivor of them to make sale of said lands on
such terms as the said court may think expedient,
and after ratification of said sales, and after publi-
cation of such notice to the shareholders as is
usual in the case of a suit for administration of
the real or personal assets of a debtor deceased,
the said court shall make distribution of the net
proceeds of said sales to and amongst the original
or the present holders of certificates issued as
aforesaid, or other persons who may in the judg-
ment of the said court be entitled to share in said
distribution.

To give bond.

Sec. 2. And be it enacted, That before proceed-
ing to make sale of said lands as is hereinbefore
directed, the said trustees or the survivors or sur-
vivor of them shall give bond to the State of Mary-
land, to be executed by them or him with a surety
or sureties to be approved by the said court, in the
penalty of two hundred thousand dollars and with
condition for the faithful performance of the trust
to be reposed in them as aforesaid.

Not to give
validity to any
sale already
made.

Sec. 3. And 'be it enacted , That nothing herein
shall give validity to any sale already made as
aforesaid by the said Trustees, but every question
touching the validity of any and every such sale
or sales, and every application for a specific per-
formance of any and every such sale or sales, shall
be determined in like manner as if this act had
not been passed, and without being aided thereby
so as to enforce a specific performance of said sales,
or any of them.

In force.

Sec. 4. And be it enacted, That this act shall
take effect from the day of its passage thereof,



 
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Session Laws, 1865
Volume 530, Page 250   View pdf image
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