Council Bluffs bugle. [volume] (Council Bluffs, Iowa) 1860-1868, 1865-01-26

By TN issfs of tho Bnitea ssaIaa wosslss
have preference had uos this act been
passed; skxth, fsess &s.s ~ LAID dosa IN
sacti1a 80.
50. u NO debts ase proved In six
monshs, a no assnts reserved b. the as
slgnsa 10 sixty days the adiadlcalian 81
bankruptcy, The bankrupt may ap2lT 20
eoars for discharge. The eaurt win or
der notice TO creditors pfoving debts,
and, By publication, 70 appear on q day
named aad show csasa Wig the discharge
should aps DO granted. no discharge
viii be granted IL everything has not hsaa
regularly and justly done By the baak
rups /; and then follows very numerous
lis Of acss oE has part, xhish shall pre-
rent discharge.
81. 0me discharged under this oct
again beeoming bankraps shall rot be
discharges unless hia estate pays seventy
per eent-, Without the consent oil three
fourahs OF The proving creditors. No
discharge STALL % given 10 one third
time bankrupt, unless be shows that be
has paid all bis debts Of previous bank
rnptey, or has been voluntarily released
sherefron By bis creditors.
IS. Except the court thinks II unjust
to the bankrupt, a creditor may have
right TO . discharge passed 90 by . jury.
80. IL the court thinks the bankrupt
has done all required Of him under this
act, which existed shen his petition for
Adjudication was hied, excepting such,
If any, az are by this act excepted from
the operation Of q discharge in bankrupt
81.
81. Debts created By fraud. embeHxla-
menk. OF aeFalsation IN fduciary person
shall not be discharged under this act,
though the same may be proved and disi-
iends paid ON them.
50. Il discharge under this act shall be
good defense 10 all claims against the
bankraps which might have been proved
against his estate In bankruptcy. Ii q
plaintiff contests its validity be must
plead which of the provisions Of section
80 he relits on to show that the defendant
ohtained bis discharge fraudalensly; nor
shall its validity be questioned after Ewo
years.
80. Provides for reasonable support
ofbanGrapt during two months, and for
q per ceHsage of his estate being returned
10 him.
40. Anything like preferences made
by one iasolveat, OF in contemplation of
Insolvency within sir months before fling
bis petition il void, aad the assignee
may receiver it for the benefit Of the es-
tate.
Ill. When partners become bankrupt,
the assignee shall keep apart their part
neFship and their seperate assets, and
apply the same respectively TO the part
nersEip and the separate debts. ANY
overplua OF one fund shall 60 to the 9TH
| eT.
AZ. This act applies as veil to corpo-
rations SIS to natural persons, and bank
ruptey Of = corporation works disfran~
chisemefas.
IS. Filing the petition commences the
proceedings in bankruptcy under this act.
| The proceedings are made matters Of re-
cord, and the means Of taking proof, &c,
are provided for.
"A. This seesion provides for the invoi-
nnsary Bankruptcy OF . creditor who abb
seconds, conceals himself, or does any
other Of the several enumerated acts.
Is, 10, At, 48, contain details for
carrying oas the provisions OF secsioa
Al.
50. IL three fourths In value Of the
proving creditors agree, they may cause
the bankrupa's estate to be settled and
up BY trustees.
SO. 4 bankrupt guilty of any Of the
enumerated offeusea against this aca
shall be guilty OF misdemeauor, and Ii
able to thrse years. imprisonment o.
less.
81. False swearing uader this act il
perjury.
So. ANY ofseer taking illegal fees un-
der this acs shall foYfeis from three te
i've hundred dollars, and thsnceforth b
incapable Of holding once ander the Uni
ted States.
| So. ANY fraudulent act of al ofhcial
under this act in relation to stamps, ETC.,
shall make him liable 10 dismissal.
81. Forgery Of the seal or signasrrc Of
the court Is punishable by a Gne Of froH
$500 to s., 900, and imprisonment fol
6ye years OF less.
SIS. Prescslbes fees Of office, which arr
TO 20 70 the salary OF the registers.
| So. Prescribes the stamps to be afixet
TO the various documents made necessary
under khia act.
81. Provides the usual constructions oi
esEtaia spaeesN of time.
So. VESTS the powers Of the district
courts uaaes this aet in the appropriate
seats Of justice In toe territories and th'
Dissrfes OF Columbia.
| SO. Enacss this act 10 take effect from
it's approval provided that no petition
OF oihsr proceeding under 1t shall be 6lee
or begun before June lss, 1865.