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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 4, Page 500   View pdf image (33K)
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500 HIGH COURT OF CHANCERY.
date of the decree. The Chancellor thinks, the defendant un-
der all the circumstances, was warranted in supposing the fund
in his hands would not be abruptly withdrawn from him, and it
is for this reason that he is disposed to give him a reasonable
time to pay the debt.
[The trustees having invested a part of the trust fund as di-
rected, brought the certificates of stock into court, and upon
the suggesting of counsel as to their safe keeping, the Chancel-
lor, on the 4th of August, 1847, passed the following order.]
THE CHANCELLOR:
It having been suggested in this case, that the security of par-
ties requires that some place of safety be provided for the cus-
tody of moneyed securities invested under the orders of the
Court of Chancery, or placed under its control, and the Chan-
cellor concurring in the propriety of this suggestion; it is,
thereupon, ordered, that all such securities be placed by the
Register in the Farmers Bank of Maryland, and that for that
purpose, he procure a trunk, or box, properly labelled, in which
such securities shall be put, and then deposited as aforesaid, in
the said bank. And that the register shall so designate and
mark the several and respective securities, by endorsement on
the envelopes, or otherwise, as to show the cases to which they
belong.
MCLEA.N, for Complainants.
ALEXANDER, for Defendant.
HENRY WAYMAN AND
RICH'D G.STOCKETT
vs.
ANNE JONES AND OTHERS.
MARCH TERM, 1850.
[DUTIES AND LIABILITIES OF TRUSTEES——EVIDENCE——CHANCERY PRACTICE.]
IF any portion of the trust fund has been misapplied or destroyed, it is the
duty of the trustee to communicate the fact to the court, and ask its sanction
of the measures adopted by him to obtain redress.

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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 4, Page 500   View pdf image (33K)
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