Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-02-22

how appropriated.
"a. How applied =
90. Certificates OF discharge granted
or refused TO each.
SO, Proceedings against partners,
how conducted.
81. Aadbe x further enacted, That
where two or more persons, who are
partners in Iade. become insolvent
an order may be made in the mannf /
provided in this act, either on the Pc
lilion Of such partners, or any one OF
them. or on the petition Of any credit
ors Of the partners.
SIS. Upon which order all the joint
stock and, property of.Ihe company,
and also ali the separate estate Of each
Of the partners, shall be taken, except
such parts. thereof as are herein ex-
cepted..
50. And all the creditors of The
company, and the separate creditors Of
each. partner, shall be allOwed to prove
their respective debts;
90. And the assignee shall also
keep separate accounts Of the joint
stock or property Of the companyrand
Of the separate estate'of each member
thereof
91@And after deducIing out ofthe
whole amosnt received by such assig-
nee the whole Of the expenses and
disbursement paid BY them, the net
proceeds ofthe joint stocks shall'be APP
propriated to pay The creditors ofthe
company, and the net proceeds ofthe
separate estate Of each partner shall be
appropriated ,opay his separated cred
ilors; -
%. And ifthere shall be any balance
oflhe separate estate Of any partner
after the payment Of his separate debts
such balance shall be added TO the
Joint stock for the payment Of the
creditors;
90. andifthere shall be any balance
orthe joint stock, after payment Of the
ilint debts such balance shall be divided
and appropriated 10 and among the
separate state of the several partners.
according to their respective rights and
interest therein, and as it.would have
ifbseu the partnership had been dis.
solved without any bankruptcy;
94.And the sum appropriated to
the separate estate of each partner
shall be applied 10 the payment of his
separate debts; !
IS. And the certificate of discharge
Shall be granted or refused to each1
partner as the same would or ought
to be il the proceedings had. been |
against him alone under this act;
60. And in all other respects the
proceedings against partners shall be
conducted in the like manner as i'll
Trey had been commenced and pros
ecuted against one person alone.
SECTION XIV.
Or ASSIGNEE DEEDS OF BANKRUPT's
Estate.
81. What those deeds shall re-
cite go.
9s. Effects of recitals.
90 Operation or such deeds.
81. and be itfpriker eaacied, That
a copy of any decree of bankruptcy,
any the appointment of assigneeas di-
rected by the third section Of this act
shall be.recited in every deed of lands
belonging TO the bankrupt, sold and
conveyed by any assignee under and
by virtue Of this act;
9S. And that such recital, together
with a certified copy Of such order
shall be full and complete EVIDENCE
both of the bankruptcy and assignee
therein recited aud supersede f6e ne !
cessiiy any.other proefof such bank
ruPicy and assignment. TO validate the
said deed;
%. And all deeds Containing such
recital. and supported by such proof,
shall. be as efeclual 10 pass the title Of
the bankrupt Of, in, and 10 the lands
'herein mentioned and descyfi ed TO the
purchaser as,fuIly 70 all 'intents pur-
poses as Hmade by such. bankrupt
himself Immediately before such orr
deCs. -.
SECTION XVI.
OF DISTRICT AND TERRITORIAL
CoURTs,
100. Jorisdiction Of Circuit Court
OF Disttietof Columbia.
1ol. Jurisdiction Of Territorial
Courts.
100. Aadbe iifarther enacted, That
all jurisdiction, power and authority.
conienfed.uponand vesledip the dis
.trlct court oflhe United States by this
act; in cases 10 bankruptcy are'bereby
conferred upon and vested in the cir
cuit court Of the United States fordale
disIricr Of Colombia;
1o1. And in and upon the.snpreme
or superior courts ofany of the Ter
ritories Of the United States, in cases
oil bankruptcy, where the. bankrupt
resides 10 the said District Of Column