A. W. BRADFORD, ESQUlRE, GOVERNOR.

309

Sec. 9. And be it enacted, That at any time
within the said period often years, or at any time
during the extension as hereinbefore provided, and
upon application of two-thirds in amount of those
who hold said debt for reimbursement, the proper-
ty of said Seminary, real and personal, shall be
sold by the Trustees thereof at public or private
sale, on cash and credit payments well secured and
bearing interest, after at least four weeks notice of
the time, place and terms of sale, to be published
in the newspapers of Hagerstown, in one newspa-
per published in the city of Baltimore, and in such
other newspapers and mode as the said Trustees
may direct, and upon full payment of the purchase
money and Interest thereon, the said corporation
shall or the said Trustees may convey the said pro-
perty of said Seminary, real and personal, to a
Trustee or Trustees to be by him or them sold in
the manner and for the purpose aforesaid, con-
vey said property to the purchaser or purchasers
thereof, the proceeds of said sales to be first ap-
plied to said debts in a course of reimbursement as
aforesaid ; next to all other debts of said Seminary,
and any surplus shall be distributed, pro rata,
among the scholarship holders, and in case the
said Trustees should not comply with the demands
of two-thirds in amount as aforesaid, the persons
so holding said debt may thereupon apply to the
Circuit Court for Washington county, as a court
of equity, by bill or petition, against said Trustees
as defendants, and none other, for a decree for such
sale ; and upon a hearing and being satisfied of a
refusal by said Trustees to comply, or should not
convey to a Trustee or Trustees as aforesaid, the
said court shall thereupon decree a sale of the said
property upon the terms hereinbefore provided,
and appoint a Trustee or Trustees to make said
sale, who shall be entitled to the usual chancery
commissions, and the proceeds of sale, after paying
commissions, costs of suit and Trustees' proper ex-
penses, shall be applied as hereinbefore in this
section provided.

Upon appli-
cation the pro-
perty of Semi-
nary may be
sold, manner of
effecting sale,
and disposition
of proceeds,
prescribed.

Sec. 10. And be it enacted, That in case the num-
ber of persons cannot be procured to pay off or as-
sume the payment of said debts of said Seminary,
as provided in the first section of this act, within
the period of twelve months from and after the ac-

Debts to be
assumed with-
in 12 months,
or property
sold, &c.