The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-09-14

ed, in addition, his actual travel expenses for thsI
purpose.
See. IA. .aad be il further enacted That where
Two or more persons who are partners in trade,
become insolvent an order may be made in the
manner provided in this act, either on the petition
of such partners or any one oil them, OF on The Pc
tiiion of any creditor OF the partners; upon which
order all the joint stock and property of the compa-
nv and also all the separate estate OF each OF the
partners shall be taken, excepting such paris
thereof as are herein excepted; and all the cred
itors of the COMPANY, and the separate creditors
of each of the partners shall be allowed to prove
their respective debts; and The assignees shall also
keep separate accounts of The joint stock or prop
erty of The company, and of the separate estate
of each member thereof; and after deducting out
of tie whole amount received by such assgnees,
The whole Of the expenses end disbursements
paid by them, the net proceeds OF the JOINT sicck
shall be appropriated 10 pay the creditors of the
company, and the nett proceeds OF the separate
estate of each partner shall be appropriated 10
pay his separate creditors; and if there be any
balance of the separate estate Of any partner, after
II e payment of his separate debts, such balance
shall be added To the oint stock, for the payment
of The pint creditors; and if there shall be any
balance of the joint stock, after the payment OF
the Joint debts, such balance shall be divided and
appropriated TO and among the separate estates OF
the several partners, according 10 their respective
been if the partnership had been dissolved with
out any bankruptcy and the sum so appropriated
10 the separate estate of each par ner shall be
applied 10 his separate debts and the certificate
Of discharge shall be granted or refused to each
partner as the same would or ought 10 be il the
proceedings had been against him alone under
this act and in all other respects the proceedings
against partners shall be conducted in the like
manner as if thew had been commenced and pros
ecuted against one person alone.
! Sec Is .And be ii further enacted, That copy
OF any decree Of bank uptcy, and the appointment
of assIgnets as directed by the third section Oh
| this act shall be recied IN every deed OF lands,
belonging TO the bankrupt, sold and conveyed by
/ any assignees under and by virtue oil this act
and that such recital, together with certlhed
copy of such order, shall be full and complete
evidence both of the bankruptcy and assignment
therein recIted and supercede the necessity OF
any other proof Of such bankruptcy and assign
ment &c validate the said deed /; and all deeds
containing such recital, and supported by such
proof, shall be effeclual 10 pass the tit Of the
bankrupt Of in, and TO the lands therein men
toned and described to the purchaser, as fully.
to all intents and purposes, as II made bY such
bankrupt himself Immediately before such order:
Sec. 16. find be IL further enacted, That all
Jurisdiction, power, and authority conferred upon
and vested in the district court Of the United
States by this act in cases in bankruptcy, are
hereby conferred upon and vested Ir the circuit
court of the United States for the District Of CO.
Iumbia, and in and upon the supreme and superi-
or courts Of any ofthe Territories Of the United
States, in cases of bankruptcy, where the bank
rupt resides 10 the said district of Columbia OF in
either of the said Territories.
Sec. II. find eli further enacted, That this act
shall take effect from and alter the first day of
February next.
JOHN WHITE.
| n .oCD 49,.
SAML l.. SOUTHARD,
President Of the Senate pro tenpore.
Approved, August 10, 1871: