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Session Laws, 1815
Volume 634, Page 70   View pdf image
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72

LAWS OF MARYLAND.

Dec. Sess.
1815.

Death of
trustee.

Descent in
case of death.

make report on oath, and render a just and true statement of
his proceedings in the premises, to the orphan's court afore-
said, and on his neglect to do so, his bond as trustee shall be
answerable, for any damage occasioned by such his neglect
and the orphan's court aforesaid, may allow the trustee such
compensation for bis trouble as to them shall appear proper and
reasonable.
6. AND BE IT ENACTED, That if the said trustee shall
die before the several trusts reposed in him by this act are com-
pleted and discharged, then the orphan's court aforesaid shall

appoint some fit and discreet person, trustee in his place and
stead, who shall give bond in such penalty, and wish such se-
curity as the said court shall prescribe and direct, conditioned
for the due and faithful performance of the trusts and duties re-
quired of and imposed on him by this act, and the orders of

the orphan's 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 or-
ders and control of the orphan's court aforesaid, in the same
manner as the trustee named in this act.
7. AND BE IT ENACTED. That if either of the said
children shall die before he or she shall arrive at the age of twen-
ty one years, the proceeds of the lands shall descend in the
same manner as the land would have descended if the same
had not been told.

Passed Jan.

10, 1816.

Incorporat-
ed—capital.

Books to be
opened.

CHAPTER 75.

An act to establish a Bank, and incorporate a company to be
styled the Bank of Westminster.
Sec. 1. BE It ENACTED by the General Assembly of
Maryland, That a bank to be called and known by the name
of The Bank of Westminster, shall be establish in the town of
Westminster, in Frederick county, and that the capital stock of
the said bank shall be limitted to three hundred thousand dol-
lars, to consist of twelve thousand shares of twenty five dol-
lars each.
2. AND BE IT ENACTED, That a book of subscrip-
tion for nine thousand shares shall be opened at Westminster,
under the direction of William Durben, Senr. Jesse Slingluff,
Alexander Warfield, Samuel Stevenson, Joshua Gist, Joshua
Cockey, Francis Hollingsworth, Adam Spower, David Kep-
hart, Jacob Sherman, James M'Haffee, Isaac Shriver, Lud-
wick Wompler; and another at Middleburgh, for three thou-
sand shares, under the direction of Henry R. Warfield, Rich-
ard Brooke, Joshua Delaplane, Upton S. Reid, Thomas Boyer,
Joshua Taney, Benjamin Biggs, Joshua Stromson, Joshua C.
Gist and Jesse Cloud, or any three or more of them, on the
first Monday of March next, and remain open for two days (of
which they shall give notice in one or more papers published in
Frederick county and the city of Baltimore,) from ten to five
o'clock each day; but if the whole number of shares shall be
subscribed at any time before the expiration of the said term of
two days, then and immediately after the same shall be so sub-
scribed, no person, co-partnership or body politic, in person or
by attorney, shall during the remainder of the term of two
days aforesaid, be permitted to subscribe for more than ten



 
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Session Laws, 1815
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