1838.

LAWS OF MARYLAND.

CHAP. 289.

CHAPTER 288.

Passed Mar. 8,
1839.

An act to authorise the Commissioners of Charlestown,
in Cecil County, to convey to Robert Thompson, a lot
or parcel of land in the town aforesaid.

Authority granted.

Be it enacted by the General Assembly of Maryland,
That the Commissioners of Charlestown are hereby
authorized to convey, in fee simple, to Robert Thomp-
son, all that lot or parcel of land designated as lot
adjoining number eighty-two, heretofore contracted to
be sold by the said commissioners to the said Robert
Thompson.

CHAPTER 289.

Passed Mar. 9,
1839.

A further supplement to an act to incorporate the Balti-
more Life Insurance Company.

Courts may depo-

site money at inte-

rest with.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the several courts of law and equity
in this State, may in their discretion on application of
any person interested therein deposite money at inter-
est, or confide to the said Baltimore Life Insurance
Company, the execution of any trust within the power

Without other se-

curity.

of any of said courts, without requiring from said
company, other security than the capital of said com-

Provided capital is

paid in.

pany; provided however, that said courts shall be first
satisfied that at least two hundred thousand dollars of
said capital, has been paid in, before said deposites, or
trusts be made, or committed to said company; and

Preferred liens.

provided also, that all such deposites and money in
trust shall be preferred liens on the capital of said
company.

Capital may be in-

creased to $2, 000-

000.

Sec. 2. And be it enacted, That the president and
directors of said company may increase the capital of

said company, from time to time, in such manner as

they may deem expedient, to any amount not exceed-

Provided payment

be made to the

Treasurer W. S.

ing two millions of dollars; provided nevertheless, that

upon every increase of capital beyond the amount of

three hundred thousand dollars, (the capital authoriz-
ed by the act of incorporation) the said company shall
pay a bonus of one per cent to the treasurer of the