National Republican., 1874-05-12
DEEDS AND WILLS.

BILL RELATIVE TO THEIR EXECUTION
The following bill, relating to the execution Q
trusts In deeds and wills in the District Of Colum
/ bia, has been introduced in the House Of Repre-
sentatives, and referred to tho Judiciary Com
mittee:
Section l. That before any sale shall hereafte
be made OF real estate In the District Of COlum
bia, by virtue oil any power contained in any vii
thereof, or in any deed of trust given thereon Il
secure the payment Of any money, debt or othe
complaint, setting forth therein q statement O
the default Of the debtor, verified by the oath o
evidence Of indebtedness the payment whereof IL
so secured in the court of chancery Jurisdiction
in said District, for IN order Of sale.
4 certified COPY Of said bill ana statement shall
be served by the marshal ofthe United States fol
said District, or his deputy, upon said debtor, u
residing in the jurisdiction Of said court, and such
service shall be returned by the officer making
the same as all other process of said court Bui
in case the said debtor shall reside beyond the
jurisdiction Of the court, or shall conceal himself
notice Of the proceedings shall be giVen,by publ
cation In some newspaper printed and published
in said District, once week for three weeks, and
such ALLEGATION shall then be substituted for per
sonal service Of the summons. II the debtor shall
fail to appear and answer said bill, the complain
ant may, at his election, enter an order (as oi
bill be taken pro confesso, and thereupon the
cause shall be proceeded with er Pdrte, and the
matter Of the BILL may be decreed by the court
for cause shown upon affidavit said court may set
aside the said decree pro confesso.
Sec. 2 That in default Of such appearance upon
the hearing of the bill aforesaid, If there shall
appear sufficient grounds to justify sale of the
real estate in the bill mentioned, then the court
shall cause the same to be advertised In some one
or moro OF the newspapers printed and published
in the said District for at least ten days prior to
the day of sale, and shall appoint three impair
Of Se essate aSd the
and they shall return to the court on or before
the day Of sale their sworn appraisal, which ap-
praisal shall constitute part Of the proceedings
Sec 8. That the trustee Aforesaid shall report
the sale to the court, and no sale SO made shall
by the court as in case OF saes made by trustees
appointed by the court. The proceeds shall be
distributed under the direction of the court, and
the bond given by the trustee liable for the proper
Sec 4 That no sale Of real estate under deed of
trust shall be valid unless the same shall have
sold for OF least two thirds ofits appraised value,
Sec s. That the fees Of the trustee shall be as
follows On oil sums Of $1,000 and under, the trus-
O.
thereof.
pointed, by will deed, TO execute any trust, the
trustee shall give bond security for the due per-
formance Of the trust to be approved by the court
or Justice thereof, in form and manner as re-
court aforesaid, before be shall proceed to exer-
else said trust; and q failure to give suoh bond
shall render all acts done by him in execution Of
said trust null and void.
Sec. Z. Whenever hereafter any real estate or
any interest thereon shall be sold unGser the pro-
visions Of this act, the owner thereof, his heirs,
executors, or administrator or any mortgage or
Judgment creditor having q lien upon the sanie
may redeem such real estate or their interest
thereon Of any time within one year from the
date Of such sRle BY paying to the purchaser, his
Ss tSs 3, a stisha s s m ss sSES sf 5Ps
money due under the deed Of trust by which Said
real estate was sold with interest thereon ct the
rate Of ten per Gent. per annun. Nothing con-
tanned herein shall prevent the purchaser at any
sale obtaining by due process of JAY possession Of
the real estate sold after tho same has been duly
ratified by the court, unless the owner thereof,
his heirs, executors, or administrators shall give
security, to be approved by the court or justice
thereof, to satisfy oil rents, costs and damages
that may accrue between the said date of the
confirmation by the court and the redemption
thereof
Sec s. The trustee who shall make any such
sale shall not convey the title to the same to any
purchaser or purchasers of such sale until the ex
)rration of the one year allowed for redemption,
is hereinbefore provided for. and any conveyance
10 made shall in no wise affect said right Of re-
iemption.