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Session Laws, 1814
Volume 633, Page 107   View pdf image
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LEVIN WINDER, ESQ. GOVERNOR.

107

er shall be held in the said property at the time of such
sale, and the person holding the same shall agree to its
being sold freed from such claim, then the court afore-
said, shall allow and order to be paid such tenant in dow-
er in payment therefor, such part of the purchase mo-
ney as they may consider reasonable and just conform-
ing therein to the rules adopted in similar, cases by the
court of chancery of this state.

DEC. SESS.
1814.

3. AND BE IT ENACTED, That the court aforesaid
shall appoint a suitable person or persons to make the sale
authorised by this act, who shall in all respects be govern-
ed by the orders of said court, (which they are hereby
empowered to adopt,) for making such sale; for report-
ing the same to the court, (which they may ratify or dis-
allow, and order anew, if they believe the interests of
the children require it,) for collecting and paying over the
money arising therefrom, and for conveying the proper-
ty to the purchasers thereof, when the price shall be ful-
ly paid, with the further power to said court in case of
the death of any person so appointed, or when they
shall think it necessary to revoke any appointment and
appoint others to perform all or any of the trusts by this
act created, and to allow such compensation, as they may
consider just and reasonable to the person or persons so
to be appointed, who shall, before they proceed to act,
give bond to the state of Maryland, in such sum, and with
such security as the said court shall approve, for the faith-
ful compliance with such orders as may be made by the
court aforesaid, in pursuance of this act; which bond
shall be recorded among the records of said court, and
copies thereof, when attested as other copies of such re-
cords, shall be evidence in any suit. or action to be brought
thereon.

Trustee to be
appointed —
compensation.

4. AND. BE IT ENACTED, That the money aris-
ing from the sale aforesaid, which may belong to the said
children, shall be invested and employed by their guar-
dian or guardians, under the authority and direction of
said court, in each stocks or funds as the said court may
from time to time approve and direct, the more ef-
fectually to secure and promote the interest of said chil-
dren, until they shall be of lawful age to receive and have
the disposal thereof, at which times the same shall be
transferred and paid over to them in their respective pro-

Proceeds--
to be invested.

portions; Provided, That upon the event of the death of
either of said children, before they shall have attained
such age, their share or part of the funds arising from
the sale aforesaid shall pass or descend in such manner
as their interest in the said property would have done, had
not this law been passed.

Proviso.



 
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Session Laws, 1814
Volume 633, Page 107   View pdf image   << PREVIOUS  NEXT >>


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