1838.

LAWS OF MARYLAND.

CHAP. 233

CHAPTER 238.

Passed Mar. 23,
1839.

A supplement to the act to Incorporate the Proprietors of
the Green Mount Cemetery.

Shares $100 each.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the proprietors of the Green Mount
Cemetery, be, and they are hereby authorised to di-
vide the capital stock of said corporation, into shares
of one hundred dollars each, in place of the division
prescribed in the act to which this is a supplement.

Divide estate into

shares.

Sec. 2. And be it enacted. That so soon as the sales
of lots in the Green Mount Cemetery shall have been
sufficient to pay the purchase money of sixty five thou-
sand dollars, with interest, and the expenses that shall
have been incurred by the present purchasers of the
Green Mount estate, their representatives or assigns,
in laying out, inclosing and improving the grounds,
the then stockholders shall transfer their entire inter-
est in the portion of said estate set apart as a Cemetery,

Each shareholder a

lot.

to the holders of burial lots therein, each lot holder to
be entitled to as many shares as he, or she has lots,
and said lot holders shall be the stockholders of said
corporation.

$40, 000 of first pro-
ceeds of sale set

apart.

Sec. 5. And be it enacted., That out of the first pro-
ceeds of sales after such transfer, there shall be set
apart and invested in some safe and productive man-
ner, the sum of forty thousand dollars as a permanent
fund, whose income shall be applied to the maintenance
of the Cemetery, exclusively; and that after such in-
vestment, all further receipts from sales of lots, shall
be annually divided and set apart, as follows: two
fifths shall he appropriated to the exclusive use of the
Cemetery, and the remaining three fifths, as reserved
by the present proprietors in the prospectus, shall un-
der their appointment, direction and controul, be set

Subsequent pro-

ceeds.

apart, as follows: one fifth to the common schools in the
city of Baltimore, one fifth to promoting the cause of
Sunday Schools, one fifth to the establishment and sup-
port of a Seaman's Home, and an Apprentices' Library.

Title to lots.

Sec. 4. And be it enacted, That a certificate, under
seal of the corporation, of the ownership of any lot
aforesaid, shall in all respects have the same effect, as
any conveyance from the said corporation of such lots