The Hillsborough recorder., 1867-03-27

disputed possession; snd provide Tor the
supervisors over and power to remove the
assigness BY the district judge for cause
shown. VII y6Hs4H 40 ..9.Is Il,
Sections ~. 90 ard al. ordain that
claims be proved in the same manner a.
now aesins. the estate Of deceased persons;
provide fsr set offs in mutual debts. be-
tween debtor and claimahtss forbid suits
against the bankrupt by those creditors
proving their claims, and provide that II
any bankrupt shall. At the time oi sdjudi~
cstisns be Liable upon any bill Of exchange.
Prcssissory note or vthsr obligation in res-
peet OF distinct contracts ~ member Of
two or mere 6rms carrying on sePerate
and distinct trades, and having distinct
estates to be wonnd up in bankruptcy. or
- sole trader and also as member of .
6rm, the circumstance that such firms are
in whole or in part composed OF the saae
individuals, or that the sole contractor is
also one Of the JOINT contractors. shall not
prevent proof aud receipt Of dividends in
respect OF such distinct contracts against
the estates respectively liable upon such
contracts.
Sections %. IS and "a require veri6ca-
ton by oath Of all claims by creditors, and
II corporation, by the proper officers for
that. purpose. TO be Sled before the regis.
ter, or il in a foreign country. before the
register, or other diplomatic officer nearest
adjacent, and hat investigation can be and
must be made BY the judge in case of oil
doubtful claims.
Section % orders the sale and the hold
ing for distribution by the assignee OF all
perishabie property, the title TO which 10
not in dispute.
Section 30 provides for the examination
Of the bankrupt by the court. either at its
own option or at the request Of the assig.
nee. into all circumstances aud statements
Of the bankrupt, who is punishable for con-
tempt for Noncompliance with the oder for
examination. and Tor good cause shown The
wife Of the bankrupt may be called and d.
milarly examined.
Section 81 sabdrides priority Of claims
a. follows, First. Servants wages under
$50. Second. All the creditors po rata,
without any preferense either from amount
or date oi claims, except that in cases
wherein the bankrupt has become bail. su-
rety or guarantor for another, the compli.
an.e Of the latter with the conditions must
be shown before the claim is allowed.
At the expiration Of three months from
the date Of the adjudication Of bankruptcy
in any case. or as much earlier as the court
may direct, the court, upon request OF the
assignee. shall call general meeting of the
creditors, oi which due notice shall be CIV
en-. and the assigaee shall then report and
exhibit 10 the court and 10 the creditors
Just and true accounts Of sll his receipts
and judgments. verified by his oath and he
shall also produce and Gle vouchers for all
payments Tor which vouchers shall be re-
qulred By any rule Of The court; he shall
also submit the schedule Of the bankruprs
creditors and property 10 amended, duly
verified ny the bankrupt. and q statement
Of the whole estate Of the bankrupt as then
ascertained, Of the property recovered aud
Of the property outstanding, specifying the
cause Of ils being outstanding, also wha,
debts or claims are yet undetermined, and
stating what sums remain in his hands. A,
such meeting the majority in value Of the
creditors present shall determine whether
any and what part Of the aet proceeds ol
the estate, after deducting and retaining
SUN Sufficient 10 provide Tor oil andster'
mined claims which, by reason Of the dis
tant rssidenee of the creditor, OF Tor Other
sufficient reason, have not been proved, and
Tor other expenses and contingencies, shall
be divided among the creditors but unlesl
at least one hall in value Of the creditorI
shall attend such meeting. either in person
or By attorney. il shall be the duty Of The
assignee 80 TO Determine. 10 case divi.
dend 10 ordered. the Register shall, within
ten days after such meeting, prepare lis'
Of creditors entitled to dividend. and shall
calculate and set opposite 10 the name Of
each creditor who has proved his claim, the