|
CHAP.
XXV.
|
XI. AND BE IT ENACTED, That all the said stock to be purchased in virtue of this act for the
benefit of the said children, shall stand in the name of the said Thomas Harris, junior, as trustee
of the said children, and it shall not be lawful for him or his executors, administrators or assigns,
to assign or transfer the same, or any or any part thereof, to any person or persons whatsoever,
except under and in virtue of an order of the orphans court aforesaid, for that purpose passed.
XII. AND BE IT ENACTED, That the orphans court aforesaid shall and may, on the arrival at
age of the said children, or either of them, or at such other time as the said court may think right:
and proper, order and direct the said trustee to transfer and assign to the said children, or either of
them, or either of their legal representatives, or other person or persons legally entitled to receive
the same, the share or portion of the said stock which may be due to the said children, or either of
them, or either of their legal representatives, or other person as aforesaid.
XIII. AND BE IT ENACTED, That in case of the death of the said children before their arrival
at lawful age as aforesaid, or their dying intestate without issue, the said stock, so to be purchased
as aforesaid, and the proceeds arising from the sale of the said real estate, directed to be paid to the
said children by this act, shall be considered as a part of the real estate of the said John Gwinn,
deceased, and shall descend to his heirs at law and legal representatives, in the same manner as the
said real estate would descend if the same had not been sold under and in virtue of this act.
XIV. AND BE IT ENACTED, That the bond which the said trustee shall enter into for the due
and faithful performance of his trust as aforesaid, shall be liable and answerable for the due and
faithful performance, by the said trustee, for all and every matter and thing directed and required to
be performed by him in virtue of this act.
XV. AND BE IT ENACTED, That the said trustee shall make report to the orphans court afore-
said, of the stock to be by him purchased as aforesaid, and of the dividends arising therefrom, and
he shall, every six months, account with the orphans court, and render a just and true statement of
his proceedings in the premises, and on his neglect to do so, his bond as trustee shall be answerable
for any damage occasioned by such his neglect; and the orphans court aforesaid may allow the said
trustee such commission for his trouble as to them shall appear proper and reasonable.
XVI. AND BE IT ENACTED, That when the said trustee shall, in virtue of the order of the or-
phans court aforesaid, assign and transfer to the said children, or their legal representatives, or
other person or persons entitled to receive the same as aforesaid, the shares and portions of the said
stock which may be due as aforesaid, and shall have truly and faithfully accounted for and settled
with the orphans court aforesaid, of and concerning the several trusts reposed in him by this act,
then the orphans court aforesaid shall order and direct that the said trustee be discharged from all
and every the trusts imposed on him by this act, and shall order and direct that the bond which the
said trustee shall have entered into be cancelled, and from thenceforth the said trustee shall be dis-
charged accordingly.
XVII. AND BE IT ENACTED, That if the said trustee shall die before the several trusts reposed
in him by this act are completed and discharged, then the orphans court aforesaid shall appoint some-
fit and proper person trustee in his place and stead, who shall give bond, in such penalty and with
such security, as the said court shall prescribe and direct, conditioned for the due and faithful per-
formance of the trusts and duties required of, and imposed on, him by this act, and the orders of the
orphans court aforesaid, which bond shall be recorded in the said court, and on an attested copy
thereof suit may be maintained by any person interested, and such trustee, so to be appointed, shall
have all the powers, and be subject to the orders and control of the orphans court aforesaid, in the
same manner as the trustee named in this act.
CHAP. XXVI.
|
|
Passed Decem-
ber 23, 1810.
|
An ACT authorising a Lottery to raise a sum of Money for the pur-
pose therein mentioned.
BE IT ENACTED, by the General Assembly of Maryland, That it shall and may be lawful for Richard
Marshall, William B. Beanes, David Crawford, John Hodges, of Thomas, and Alexander H.
Boteler, or a majority of them, to propose a scheme of a lottery for raising a sum of money not
exceeding five thousand dollars, and to sell the tickets in said lottery, provided they, or a majority
of them as shall undertake to act under this law, shall, before the sale of any ticket or tickets in
said lottery, give their bond to the state of Maryland, in the penalty of ten thousand dollars, con-
|
