72

LAWS OF MARYLAND.

Dec. Sess.
1813.

Chancellor
may decree a
sale on appli-
cation.

his daughter, and the prayer of the petitioner appearing
reasonable: Therefore,
Section 1. BE IT ENACTED by the General Assem-
bly of Maryland, That, the Chancellor be, and he is
hereby authorised, on the application of the said Tho-
mas W. Howard, and two others of the nearest relations
of the said Susan Ann Howard on the part of her mo-
ther, who reside in the state of Maryland, to order and
decree a sale of the said real estate, if under all circum-
stances he shall deem such sale advantageous to all the
parties interested in the same.

Trustees.

2. AND BE IT ENACTED, That the said Thomas W.
Howard and two others of the nearest relations of the
said Susan Ann Howard, on the part of her mother, who
reside in the state of Maryland, shall be appointed trus-
tees to make the sale, who shall give bond with security
in such penalty as the chancellor shall direct conditioned
for the faithful performance of the trust reposed in them
by the said decree, or to be reposed in them by any fu-
ture decree or order in the premises.

Sale to be re-
ported.

3. AND BE IT ENACTED, That the sale shall be
reported to and confirmed by the chancellor in the same
manner as the sales of real estates sold by the decrees of
the court of chancery in other cases are confirmed.

Proceeds.

4. AND BE IT ENACTED, Tint the said trustees
under the direction of the chancellor, shall on receipt of
the purchase money, invest the same in such other lands
as shall be deemed advantageous to the parties interest-
ed, to be conveyed to the said Thomas W. Howard for
life, with remainder in fee to the said Susan Ann How-
ard.

Acts not to be
valid unless di-
rected by the
chancellor.

5. AND BE IT ENACTED, That no act done by
the said trustees shall be valid or binding, unless the
same be directed by the chancellor or ratified by him.

CHAPTER 81.

Passed Jan.
20, 1814.

Preamble.

Bank shall
be established.

An act to establish a bank and incorporate a company,
under the name of the Bank of Caroline.
WHEREAS a number of the citizens of Caroline
county have prayed that a bank may be established in the
village of Denton, in said county; Therefore,
Section 1. BE IT ENACTED by the General As-
sembly of Maryland, That a bank to be called and
known by the name of the Bank of Caroline, shall be
established in the village of Denton, in Caroline county.

Capital.
Shares.

2. AND BE IT ENACTED. That the capital stock
of this bank shall consist of two hundred thousand dol-
lars, money of the United States, divided into eight
thousand shares of twenty five dollars each.

Books shall
be opened.
Subscription.
Commission-
ers.

3. AND BE IT ENACTED, That the books for
the subscription of the said stock shall be opened at
Denton, and at such other places in the county as may
be deemed advisable by the commissioners herein after