The New York herald., 1864-12-15

egfnIO HTtr utuuCt1ng
ou, tho whole amount received by such assignee the
whole of the expenses snd disbursements tho net pro-
cces the joint stock shalt be appropriated TO pay the
creditors of tho ship, and the net proceeds Of
the 1aiae estate of each partner shall be approp
pay Ls separate creditors and If there shall DO any
balance " the separate estate OF any partner after the
payment OF his dcbts such balance shall be add
ed to the Joint STOCK or the mont OF the cred
tors and there shall be any balance Of the out stock
after payment joint debts such balance shall be
div ded and appropriated TO and among the separate
estates OF the several psroers according TO their respec
tive rights and interests therein, and II would have
been the partnership had been dissolved without
ukruptcy; ana the appropriated 10 the separate
his arate debs and the certificate OF discharge shall
be granted refused 10 each partner the would
ought to be m the proceedings bad been against BIN
alooe under this act aud in ali other respects the pro
teedpgs against partners shall be conducted the like
msnucr as u they had been commenced and prosecuted
AGAINST person alone. II such copsrtncrs reside n
different districts, that court which petition Is
first filed shall retain exclusive jurisdiction the
SIC Al Aad be furih,r enacted, That the proviscas
Of this act shall apply 10 all corporations and jo,.t ocx
conn anies and that upon the petition OF dy occr OF
any such corpo alton or company, duly authorized By
yoIe OF majority q the c'rpofai6fs present At any
eal meeting called for the purpose upon the petition
Of any creditor or creditors Of such corporation or com
pAay made and presented ia tho manner hereinafter
provided respect 10 Debtors the like proceedings shall
be had and taken as are hereinafter provided the
OF debors and all the provisions OF this act which apply
to the debtor, or SET forth his duties 10 regard 70
papers, submitting TO examinations, disclosing,
m king over, secreting, conceahpR conveying,
pctty, shall like manner, and with like force elect
and peuace, sprly 20 each and every officer OF such
poration company IN relation TO the matters
concerning the corporation or company and the money
ana property thereof. All payments, convey and
assignments declared fraudulent and void by this act,
when made by debtor, shall 10 ike manner, and tho
like extent ,and with like remedies, be fraudulent and
void when made by a corporation or company. NO al
low auce discharge shall be granted 10 any corp ration
or JOINT ~ cs company, or 10 any person or oHcer
member thereof. eNsf 500 II Fts .&l3 N8t - :
on DATES AND pSroerIoxa esIt -, T..
SEc A. And tc IL frtier nuctsd, That the hlbg or q
petition Cor adjudication IN baukrurtcy, either by
debtor his behalf, or by any creditor against
debtor the issuing Of order BY the court by
register n the provided IN section iorty.iour,
shal bc deemed taken 10 be the commencement of
rcccednes In BANKRUPTCY der this act tue proceeds
ings 10 all cases 10 bankruptcy shall he 'dcemed maers
81 record, but tho ehal not be required 20 be re-
corded large, but shall be carefully hlei kept aud
numbered IN the oice of the clerk o the court, ana
docket only, or ehort memoraudum thereof, Kept In
books 70 be provided for purpose, which
shah DO open 10 public ins, ection. Copies q
suOh records duly certified under the seal "
trn court, sbap Ia al cases be pna Icie evide1 OF
the fcs tDegcin stated. Eyiie co or examtp ia
any the pto eerigs unfer tns act fisy br tkea Le
lore the cOuft ~ rafesistef pafigr tcv ~ sc or
Jug before cam ssi0aer Of Tho ciresil csnrt Or
by and W og ~ cmmssVu, a. tbe court May dl eci
ptts,n. 10 taKe eud Uwh VAN lnaH n ad ,iy
o. 81 tNe asepaegse "a sls4sresH ~, ps,,.. ~ \
OIL aud lss5ls asd O.o LiYilg' N te.tiall lly Il