Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1867-08-31

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fs~ssa @, ~ esast os q tie jz-r. a. the
case nav =, q a. ;he tscts sef iorih IN the
petifioq are 10; true. or that the drbsar
hss paid snd s.tisfel all li~us upon his
property, in case the existence Of such liens
we're the sole ground OF the proceeding. the
proceeding shall be dismissed and the
respondent shall rccovcr cost
Sec. ~. And be itfMt1er enacted. That
ifthr facts set forth in the petition are found
tn he true. or if default be made by the
debtor to appear pursuant to the order,
upon due p' oof Of service thereof being
made. the court shall adjudse the debtor
to be bankrupt, and, as such, subject,
to the provisions of this act, and shall forth.
with issue warrant to take possession of
the estate of the debtor. The warrant shall
be directed, and the property OF the debtor
shall BE- taken thereon, and shall be as
signed and distributed in the same man
ner aud with similar proceedings to those
he,cinbefore provided for the taking pos
session, assignment. and distribution of the
property of the debtor upon his own pc.
ii,ion. The order Of the adjudication of
bankruptcy shall require the bankrupt
forthwith, or within such number of days
not exceeding five after the date of the Or
der or notice thereof, as shall by the Or
der be prescribed, to make and deliver. or
transmit by mail, postpaid, to the mes
senger, schedule of the creditors and an
inventory OF his estate in the form and ver-
ifed in the manner required of petitioning
debtor by section thirteen. If the debtor
has failed to appear in person, or by at
torney. certified copy of the adjudication
shall be served on him BY delivery or pub
lication, in the manner hereinbrfore pro-
vided for the service Of the order to show
cause and if the bankrupt is absent or
cannot be found, such schedule and inyeu-
tory shall he prepared by the messenger
and assignee from the best information
they can obtain. Ifthe pctitioning credi-
tor shall not appear and proceed on the re-
turn day, or adjourned day. the court may,
upon the petition of any other creditor, to
the required amount, proceed to adjudicate
on such petition, without re4ui'ing new
service Or publication Of notice to tie
debtor.
OF sUpERsEDrNG THE BANKRUPT PRocEED-,
~ INGs by ByARRANGEMENT. ssai.
Sec. 43. And be 1t farthcr enacted, That
il at the first meeting of the creditors, or
at any meeting Of creditors to be specially
called for that purpose. and Of which pre-.
yious notice shall have been given for such
length Of time and in such manner rs the
court may direct, three fourths Of the val
ue of the creditors whose claims have been
proved shall determine and resolve that it
is for the general interest Of. the body Of
the creditors that the estate OF the bank
,upt should be wound up and sett'ed and
distributions made among the creditor by
trustees, under the inspection and drec.
tion al a committee Of the creditor. it shall
be lawful for the creditors to c~rtify and
report such resolutions to the court. and to
nominate ons or moro trustees 10 take and
hold ami des,ribui- The estate, under the
direction cF saeh commit'cr. II h shall
app ar to the court. after hearing tie hank
rup' add ~ h creditors AZ may drsire ts b.
b-nri. si.s tn rrss,a-isz n - duiy rassed.
and shs ss~ srss~se<ss q me es~4i'sEs wia
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