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Session Laws, 1914
Volume 533, Page 163   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 163

closure sale under certain conditions and making an appro-
priation therefor.

WHEREAS, The State of Maryland now owns an undivided
moiety in certain lands, chattels, etc., now occupied by the
Maryland Agricultural College at College Park, Md., the other
undivided moiety being the property of the Maryland Agricul-
tural College, a corporation, subject to the lien of the State of,
Maryland under a mortgage now overdue and unpaid.

AND WHEREAS, The said college is maintained and carried
on wholly and entirely by State appropriations and by appro-
priations coming to the college through the State from the Fed-
eral Government, and it is desired that the title to all of its
property be completely vested in the State, so that it become
entirely a State institution, which can only be accomplished by
foreclosure of the above mentioned mortgage.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the mortgage given by the Maryland Agricultural
College to the State of Maryland on September 8, 1902, which
mortgage is duly recorded in the land records of Prince George's
County, Maryland, in Liber No. 11, at folio 143, etc., and is now
overdue and unpaid, be and the same is hereby assigned for the
purpose of foreclosure to the Treasurer of Maryland, and he is
hereby authorized and directed to proceed to foreclosure said
mortgage in accordance with the terms of said mortgage and the
laws of the State of Maryland in such cases made and provided.

SEC. 2. And be it further enacted, That the Treasurer of
Maryland be and he is hereby authorized and directed to bid
for said property at the sale made in pursuance of the foreclos-
ure proceedings thereof, and to buy the same in for the State
of Maryland at and for a sum sufficient to pay said mortgage
debt and all costs, commissions and fees incident to said sale.

SEC. 3. And be it further enacted, That the sum of Twenty
Thousand Dollars ($20,000), be and the same is hereby appro-
priated out of the funds in the State Treasury not otherwise
appropriated, for the purposes heretofore set out in this Act;
and upon a statement of the necessary amount therefor being
filed with him by the Treasurer, the Comptroller of the Treas-
ury is hereby authorized and directed to issue his warrant upon
the Treasurer for the said sum of Twenty Thousand Dollars
($20,000), or such portion thereof as may be set out in such
statement in favor of the Treasurer of Maryland.

 

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Session Laws, 1914
Volume 533, Page 163   View pdf image (33K)
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