The Yazoo City Whig. [volume] (Yazoo, Miss.) 1844-1851, 1846-03-13
Amendment TO the Quo War
lsantO Law.

ate franchises, and against pefsons pre-
tending to exercise corporate privileges I
under acts Of incorporation, and for other /
purposes, approved July 8, le43.
SECT. l. BE Il enacted BIZ the Legislas
ture Of the State Of Mississippi, That the
trustees appointed or to be appointed under
the provisions of the act TO which this is an
amendment, shall, before entering upon
their duties, execute bond with security, to
be approved by the said court, in penalty
TO be designated by the court, payable to the
governor, conditional for the faithful per.
Torrance of the duties enjoined upon them
by this act, and the act to which this is an
amendment.
Sect. 2. That il shall be the duty Of all
petsons having possession Of any property
or evidences of debt of any corporation,
against which judgment of forfeiture shall
be rendered, upon demand being made, upon
them by the trustee or trustees, to surrender
forthwith to such trustee or trustees, all such
property and evidences Of debt; and upon
failure so TO surrender such person or per-
sons shall be deemed guilty of contempt
of said court, and punishable as in other
cases of contempt.
SECT. 8. That on or before the first day
of thetelm Of the court next succeeding
their appointment, it shall be the duty Of
said trustee or trustees, 10 return to said
court, under oath, a full inventory, of all
the property and evidence of debt which
have come into their possession; and said
inventory shall be recovered by the clerk.
Sect. 4. That when the inventory is re-
! turned as aforesaid. the trustee shall pro-
coed to sell, under the order Of said court,
to the highest bidder, for cash, all the pro-
r|perty and evidences Of debt, specified and
: set forth in said inventory: the real estate
q shall be sold before the court house door o.
" the county where said real estate is SO stu
. ated; the personal estate before the cour
: house in the county where the bank wa
e situated, and the bills receivable, notes
y judgments, shares, and other evidences G
debt, secured in whole OF in part by mortga
p ges on land, shall be sold before the cour
y house in the county where said lands ar
= situated; and their bonds, bills, notes, judg
= ments, DEGREES, and other evidences of debt
shall be sold in the counties where the pin
Of cipal debtor or debtors lives, or their exc
8. cutors or administrators resides; and if tn
= principal debtor or debtors be nOn>residen
~ the sale shall be in the county where tn
n securities resides, at the courthouse, as j
rs other cases as aforesaid; said trustees sha
- :. give ninety days notice ofthe time and plaC
Of such sale, under this act: notice sha
Sc be posted up in two public places in III
lis county IN which such sale is 10 take plac
= and one in public newspaper printed
this state. Said trustee shall render an a,
,e, count Of said sale under oath, in like maj
We ner as his inventory.
- :. See. 5. That it shall not be lawful for al
res trustee to become either directly or inc
he rectly, purchaser at his own sale, or to a
RS. in any way as the agent or representati
=. Of purchaser;and all purchasers in Violate
ur> Of this section, shall be void.
the SEC. 6. That at which judgment Of f
OF feituIe be rendered, the court shall aPpoi
ae, three commissioners 10 audit claims agaiI
40. such corporation, whose duty it shall be
lion give notice to all persons holding clai
ger against such corporation, to present tn
Gus to saidcommissioner for allowance, and S
he commissioners shall audit and allow all
bonds, bills, notes. ostnotes, and certiica
apa- OF deposite which have been Issued by S
mus bank, although more than six years may
elapsed since the sum may have been dn'
in- demanded. Said notice shall be pubIis
will for two successive months ii some new.
nse, per 10 this State, and all claims not pres
and ed to said commissioners within 10 mo-
s Of after The date Of such publication, shall
coast forever barred.
~ q Seer. I. That il shall be the duty or
49, 80 commissioners to make their report 10
Isely court, at the hFst term thereof alter the
e on lpiration of the twelve months allowed
have, HE presentation Of claims, At which
~. al exceptions % sad report must be
and determined, and which time Il sha
,pted The duty Of The court 70 order distfibl
u The of the money ID the hands of the trust
Y rs trustees which shall Be made II The %
pre- lng olas.s ]. ! Is So'l' 's'lsasls1 y ~
ion iii tees and commissioners and al expens
twill CURED under this act, shall first BE
% fs- y. All debts due By such corporation