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Session Laws, 1821
Volume 626, Page 65   View pdf image
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SAMUEL SPRIGG, ESQ. GOVERNOR.

65

Elisha Tyson (the elder,) if he be living, and if dead, then with-
out such consent, after having filed their bill as aforesaid; and hav-
ing obtained the order and decree of the Baltimore county court
as aforesaid to that effect, to sell, convey and dispose of the said
lots or parcels of ground in the said deed mentioned as situated in
the city of Baltimore or either of them, on such terms and condi-
tions as the said court shall in their order direct, notwithstanding
the minority of the said children of the said Mary Clap, to whom

Dec. Ses. 1821.

the said lots or parcels of ground are limited in remainder; Provid-
ed always, That the said Isaac Tyson, Wm. Tyson, Nathan Tyson,
Jr. and Elisha Tyson (the younger,) or the survivors or survivor of
them, shall hold the proceeds of such sale or sales to the use of the
original grantees, and shall, as soon after as may be most advan-
tageous to the said grantees, re-vest the proceeds of such sale or
sales in the purchase of lands or tenements of equal value else-
where, on terms the most favorable to the parties concerned; And
provided, That the said Isaac Tyson, William Tyson, Nathan Ty-
son, Jr. and Elisha Tyson, (the younger,) or the survivors or sur-
vivor of them, in making such re-vestment of the proceeds, shall
hold the lands or tenements purchased by them, upon the same
conditions and subject to the same trusts, uses and limitations, as
are contained in the deed conveying the property originally settled.
by the said Elisha Tyson, (the elder,) upon the said grantees.

Proviso.

3. And Be it enacted, That before any purchase or re-vest-
ment shall be made by the said trustees in pursuance of this act,
they shall exhibit a correct statement of the nature of the pur-
chase or re-vestment they expect to make, to the Baltimore county
court, whose duty it shall be to order and direct the same, if it shall
appear to them to be conducive to the interest of the minors in
the said deed mentioned, which order and direction shall be suffi-
cient to warrant such purchase according to the intent of this
law.

Investments
may be made
by consent of
court.

4. And be it enacted, That before the said trustees shall pro-
ceed to act by virtue of the powers conferred upon them by this
'act, they shall, under the order and direction of the Baltimore
county court, give bond to the state of Maryland, with such secu-
rity, and in such penalty as the said court shall direct and approve,
conditioned for the faithful performance and due execution of the
orders and directions of the said court, in relation to the said sale
or sales and purchase to be made in pursuance of this act; which
bond shall be recorded by the clerk of the Baltimore county court,
and an office copy thereof shall be available in law and equity, for
any person or persons interested in the said sale or sales or pur-
chase, or those claiming by or under them.

Bond.

5. And be it enacted, That the deed or deeds of settlement
of the property or estate purchased by the said trustees in pursu-
ance of the power vested in them by this act, shall, before they be
delivered, be submitted to the inspection of the Baltimore county
court, or one of the judges thereof, whose duty it shall be to ascer-
tain whether the said deed or deeds be made according to the di-
rections of this act; and if so, then to ratify the same and authorise
the delivery thereof.

Deeds to be
submitted to
court.

6. And be it enacted, That all deeds or conveyances made
and delivered by the said trustees in pursuance of this act, shall be

Conveyances
to be good.



 
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Session Laws, 1821
Volume 626, Page 65   View pdf image
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