The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-09-10

10 such DankTuDPtcyS winch are necessary
for the purposes of justice. If in anv case
Of bankruptcy, majority, in number and
value, Of the creditors who shall have prov.
ed their debis, shall, at the time Of hearing
u the petition for discharge, Gle their
written dissent to the allowance Of dis
charge and certifcateto such bankrupt, or
II, upon snch hearing, q discharge shall not
be decreed to MIN, he may demand trial
by lufys upon proper issue 10 be directed
by The coOrtsoF he may appeal from that de-
csion to The Circuit Court. And if, upon
a full hearing, il shall be found by tie court
or the jury, that the bankrupt has, in all
things, complied with the acquisitions Of this
aci, the court shall decree his discharge.
Section 5. Creditors coming in and Prov
ing their debts, in the manner hereinafter
prescribed, shall be paid, pro rata, and no
priority orprevence shall be allowed, except
for debts due the Uaiied States and labor
lers in the service Of the bankrupt, when
those of the latter shall not exceed S25.-
All creditors whose claims are not due ill
ia future day, shall have their present value
ascertained and allowed.
Section 6. The District Court, in every
district, shalt have jurisdiction in all matters
and proceedings arising under this act, the
proceedings to be summary and the court
always TO be open. The court 10 prescribe
forms and rules for the regulation Of pro-
lceedings, and 10 prescribe tariff Of fees.
Section Z. All proceedings in a case Of
bankruptcy, shall take place in the district
4 in which the bankrupt resided when his PEE
i tition was filed, and all proofs Of debts or
other claims By creditors shall be under oath
lhcfore such court or commissioner appoint
led thereby, or LeGorc some disinterested
!Stote Judge, in such form rs the court may
Idircct. But such proof Of debts shall be
lopen 10 condensation.
Section s. The Circuit Court shall have
concurrent iurisdition with the District Court
of suits brought BY the assignee against per-
FsoDs claiming an adverse interest, or by such
persons against the assignee touching any
property or rights Of property Of the bank
lruptiTanslerable to,oT vested II, the assignee;
iall such suits barred after two years from
The dale Of the bankruptcy.
Section 8. All sales, transfers, &C., By
he assignee Of the bankrupt's properly, shall
lbc made as ordered by the cOurt-all assets
shall be paid into the court within thirty
! DAYS from the time of their receipt, subject
To the order Of the court for their disposi.
lion-and bond shall be given by the as
: signee for the faithful discharge Of his du-
t Ties.
, Section 10. The Court shall require the
collection of assets, TO be made as speedily
las the interest Of the creditors will allow,
and 4 distribution OF them made every six
: months, and al proceedings shall be closed.
: if possible, in two years.
Section j. The assignee shall have au.
tiority 10 redeem and discharge any mortg-
age, lien, &C., upon any property, and 10
render due performance of the conditions
7 thereof, and also 10 compound debts, under
: the order or direction of the Court-and
! creditors shall have notice and be allowed
10 show cause why such order or direction
q should not be passed.
5 Section -. The proceedings in all cases
i OF bankruptcy shall be deemed matters Of
= record, but shall not be recorded at length,
:, This section also establishes certain fees "a
$ he charged BY The officers.
9 Section Is. This section provides FOL
cases in which two ormore persons are part
! ners in trade, become insolgent, End directs
/. he assignee TO distribute the proceeds o.
e property, joint and seperate, among ;hei
d Joint and soperate creditors, according t
$ equitable rules--in all respects, except al
I relates TO the manner Of distributing anS
y idisposing Of The proceeds Of The property D
n such partners, the proceedings against then
g shall be the same as If had against one per
d son alone.
q Section IA. Prescribes the manner o
J. constructing tie deeds 10 be given b. Ia,
. assignee, upon the sale Of any lands Of Iii
d bankrupt,
q Section Is. Conlers upon The Circui
s Court Ct Tue United States for tbe Diatric
e OF Columbia, and upon the Superior Court
Q of The Territories, all the jurisdiction, pow
er, &C., vested in the District Court of u
a. United States, in cases Of bankruptcy.
], Section II. Prescribes The time when ii
e act shall commence taking e1ect and Il
s, period Of its duration.
s We knew la1g.who once left . ball rool
81 because mechanic entered She marie
tls basket maker, and died wash wonan.-
I. And of 4 gentleman who did the same thin
a mud not long afterwards was compelled /
- 90 10 mechanic 10 be saved from iaii Il
le lbof not onlg redollnds e wealth, but neri
III Six DAYS shal lhon f1boi, 2 saith lie Ser
Il gure. Rochester ADJ.
g s clock IS very lex .lish lhinr nor
than lore. n our opinion.