Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-08-24

,ho T1...-a ~ -, SAScpt lOf debts due
.n...; onl'ea States; and laborers IL The
ses''ce o the bankrupt when those ~ !,
the latter; shall not exceed sos Al
creditors whose claims are not dine ,;II
a future day, shall have their prsss :,
value ascertained allowed.
Section 6. Tie d,str;c.t co..,;A
cry district, shall have Jurisdiction !, !;
al matters and proceedings 10 Be snn.
ma ma ry and the court always to b on r.
the court to prescribe forms and rI,I III.
Tor the regulation Of proceedings. and md
70 prescribe a tariff Tor fees.
Section 2. All proceedings i :
case Of bankruptcy, shall taksolace n
'ne distnctin which the banlxfunt re-
sided; when his petitions were fIed.ara
all proof Of debts or other claims hv
creditors shall be under oath before
such court or commissioner appoint-
ed thereby, orby some disinteres,ed
State judge; in such a form a. the
courtney direct. But uponsuch proof
debts shall be open to CONVERSATION.
Section s. The circuit court shall
have concurrent jurisdiction with the
district court Of suits brought by the
assignee against persons CLAIMING an
adverse interest, or by such nersons
against the assignee, TOUCHING anu
property or rights of properly Of the
bankrupuranslerable, or vested IN The
assignee; all such suits barred of,s-
two years from the Gate of The hanE-
tuptcy- ~ D@'N
Section 8. All sales. transfers. Sc
by the assignee Of the bankrupt's pro-
perry, shall be made as ordered by the
court all assets shall be paid into ,be
court within sixty days from the time
OF their receipt subject to the orde,
Of the court for their disposition: and
bond shall be given by the assignee 70,
the faithful discharge Of all his duties
Section 10. The court shall No.
quire the collection of assets to h,
made as speedily as the interests Of II,
creditors will allow, and distributor
Of them to be made every six months
and all proceedings shall be closed, j
practicable, in two years.
Section II. TIA > assignee shall. hav
power to redeem and discharge an,
mortgage, lien, &C., upon any proper
ty and to tender due performance G
the conditions thereol,and also TO com
pound debts, under the order or di
rection of the icourt, and creditor
, shall have notice, and be allowed t
r shew cause why such order or diret
ton should not be passed.
Section II. The proceedings in a
cases of bankruptcy, shall be deeme
matters ofrecord at length. This SCI
ton also establishes certain fees to
charged by the officers.
Section ID. This section proyid,
for cases in which two or more pc
!, sons who are partners in trade, becon
insolvent, and directs the assignee
distribute the proceeds Of propert
!. joint and separate, among their joi
= and separate creditors, according
" equitable rules, in all respects, exec
= as relates TO the manner Of distribute
! and disposing Of the proceeds of Il
prMPerty of such partners, the procee
IBgs against them shall be same as
= had against one person alone,
- Section Ia, prescribes the mann
J Of constructing the deeds, to be Civ
= by the assignee upon the sales oflan
p of the bankrupt.
j. Section Is, confers upon the c
y cult court of the United States for I
OF District of Columbia, and upon t
- superior court ofthe territories, all t
pc Jurisdiction, power &c. vested in I
IS district court Of the United States,
rs cases Of bankruptcy.
Section l6, prescribes the iii
y when the act shall commences TAXI
co effect, and the period Of its duratit