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Session Laws, 1856
Volume 623, Page 194   View pdf image
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194

LAWS OF MARYLAND.

three thousand dollars, to be approved by the clerk
of the circuit court for Dorchester county, and to be
filed in his office, conditioned for the faithful perform-
ance of the trust hereby reposed in them, or that
may be reposed in them by any subsequent net; they
shall then proceed to make sale of said lands at
auction, and shall give three weeks notice, to be
published in some newspaper in Cambridge, of the
time, place and terms of sale; which terms shall be as
follows: one hundred dollars in cash on the day of
sale, and the residue to be paid in three equal annual
instalments, with interest from the day of sale, and
secured by bond or bonds to the State of Maryland,
with security to be approved by the said commission-
ers; and the said commissioners are hereby authorised
to use the name of the State, sue for and collect the
amounts of said bonds, with interest, in case of failure
of the obligors to pay the same, and to collect and
hold the entire amount of the purchase money for
the purposes of education in Dorchester county,
hereafter to be provided for by the General Assembly
of Maryland; and the said commissioners or their
successors are hereby authorised, after the payment
of the entire purchase money, and not before, to con-
vey to the purchaser or purchasers of the aforesaid
lands, by deed or deeds to be executed and acknowl-
edged according to law, at the expense of said pur-
chaser or purchasers, the said lands so as aforesaid,
sold by them in fee simple, free clear and discharged
of all interest or claim from or on account of, or by
the State of Maryland.

Compensation.

SEC. 3. And be it enacted, That said commission-
ers shall be entitled to deduct from the amount of
sales, the expenses attending such sale or sales, and
the costs of collecting; and five per centum on the
amount of sales for their compensation in discharge
of the trust; and if any one or more of the aforesaid
commissioners shall die, fail or refuse to qualify or
discharge the trust hereby reposed in him, the Judge
of the Circuit Court for Dorchester is hereby autho-
rized and directed to appoint a successor or succes-
sors, and the commissioner or commissioners so ap-
pointed by said Judge, shall have the same power,
and perform the same duties as if appointed under
the provisions of this act.

In force.

SEC. 4. And be it enacted, That this act shall take
effect from and after its passage.



 
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Session Laws, 1856
Volume 623, Page 194   View pdf image
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