Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-11-06
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BANKRUPT LAW.


AN NOT e establi,ha ualiorm system Of bank
r!n,cy lRrouehaut the United States.
4. i enacted bg ths Ssaait and House q
g2.o,,ssalal,e,s Of ii. Uaitei S G'cs of .imertca
a. congress as4sm5i-d, Tuat th're be- here
5v i es.ahiishe @roalupat the united States
an,or II ,yeletn d IA luap,cy, 10 ioliow'; AZ
aer-uns whatryrl, tc ,ldtuG ~ any STATE, b'sdtt
ar Tenltp ' Of tae uuted States. owing debts
which shall nat have ben created 10 consequence
.s't dealealpa a, pualic e!ilrer, or a. executor
,daft.trttot, ..oot,lr,o tor-'e@~ ~ WI "rf'
i,s IN any otner IiIutaIy capAey, wl' 'nal'' y
n.1,,, .,.t,,pa Cofin Ia ihe b 81 d bls knowledge
and be,,ei IT,; 81 hGs or ti}clf ctedRnj> Ar" ~
sn,ctlye PLACES ot v .idtncr, aud Tue aat"ae' que
!, eacA. to !. lher With az accurate Inventory "'
b,o nr lhelr prnppitp rights and credits Of every
,,ae,a. kind and description, aud tue location aoJ
serfIon er each and rvcty parcrl and portion
thereof. verified by oats, or II consc'cHctolsly
,.,o,,,lo,,urt .klnI an oath, by solemn atiltma-
ton apply 10 the pepper cnut', as hr.e"'''t'
mentioned Inr the benefit al thls acl' ana thertlh
declares themselves rs be uaable to meet 'hed
dah,. and enraoemens. SHALL be deemed bank
rats within tue purvlrw a ms aet' ana may W
80 declared accordingly by decree "i s"cA co"'
All persons bemg merchants or Ie'aHet> o. '''e''
rhandise, and ali bankers factors, broEefs'lnaef'
,rlters or marine Insurers oWln2 deb'S 20 tIt
amount Of not less than two thousand d9Idis,silhh
he liable 10 become bln&,uptS wnhlo HE tue n
SEN, and meaning Of h,~ act and may upon the
,et,,ion al Que or moe If tArt credimslo "hoh
tAey owe debts amounting N the whoe % h"l 'e'S
,oaa FIVE hundred dons, to the appropriate con'''
ba 50 declared accordingly n the 'o1lo"ll- ch>eS'
In ait: whenever sucA person, bel0I lHeicd"u'
ar uctua,Iy u-ng the trade Of merchandse' OF oF'
lar retailer ut merchandise OF btinI banker,
factor, broker, underwater or nmrlne la>ufer'sha''
d,aau from the State, Di>Uct "r Territory O
winch he's au nhibtant with intent TO deIa"o
b,..r,ed,iors; or shall willingly OF irandu'ehly
,,ocu,e hn.rlf to be arrested OF his goods ahl
cn,tl.s lands. OF lcucmeuts 10 be attachhed DIS
trained ,eanested or taken N execution; OF Shai
remove h.. goods, chIlleS, ana eHrctS' VI ''''
ce,I them 10 prevent taeF bclog leHed upon o
t,ken in execution. or by other process VI ''ah
any fraudulent conveyance. assignments sa'e' 2l''
or other transfer oi his lands, lenfmth''' s"ou
80 cbot,las credits or evidences OF debt; PROM
ded h9tcerer Inat any person 50 oec'a'eu
ha,.,p,, ~ me instance OF a creditor, may at n
election by petition to such court Wt'A'n ten oay
alter lis decree, be entiled to na 6yl1Fy oelo
snch CONT 10 ascertain The fact OF such oahNtnP'
~ or # such person shall reside great d's'alc
from ,he place OF holding such court the sal
Judge. IN his discretion may direct sach tFla'
lur, to be had IN the country oil such person 'e'
,denc4 N such manner and under such dltcuof
a. the said court may prescribe aod GFe az
all such DEGREES passed by such court ahu h"'
re-examned. shall be deemed hnal ana cohc'us''
a. to the subject mailet thereof. =
Sec , ind be il trther enacted, lna' al
iurc payments, securities, conVtyances' o' va,
iers Of property or agreements mace VI s"o' :
any bankrupt in contemplation Of bankruP'cy'a
for the purpose Of giving any creditor, endo St
surely or other person any preference " P''o''
over The general creditors OF SUCH bankrupt a
all other payments, securities coh'eya'0e'
transfers OF property or agreements maue VI Z
en- by such bankrupt 10 contemplation ol "dU
ruplcy 10 any person or persons "ha'eFe'' :
being bona ,ide creditor or purchaser Tor
liable eops,dera ion, without notice shall be dee
ed utterly VOID, and fraud upon this acIi
the assignee under the bankruptcy shal De 81
tied TO clam, sue, n, recover ahe ft0F''V
same as par, Of the as 'eis oil the oan@fup'cy'
the persons making such unid"iai P's'efe"
aud payments snail ret eve NJ schai e. w
the nro,i.onas of this act: Prorided, That
dealings aud transactions by anu WIN any "a
rup, bona fde made and entered INTO more